The story of this market
The typical home in ZIP 24174 sells for about $244,950, or $269 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $474 a month.
ZIP 24174 — Thaxton
The housing market in 24174 remains stable with low inventory and moderate price growth consistent with rural Bedford County trends. Demand is driven by buyers seeking affordability and space, though limited supply keeps sales volume low. Market conditions are currently balanced between buyers and sellers.
This ZIP is best suited for families and individuals seeking a rural lifestyle with proximity to regional employment centers, as well as those looking for more affordable housing options compared to nearby cities.
Median prices moved down 2.1% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 12.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 24174, Bedford County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the rural areas surrounding Thaxton are generally low, with incidents primarily limited to property-related issues rather than violent crime.
Schools serving the area are part of the Bedford County Public Schools system, which generally maintains moderate performance ratings compared to state averages.
The area is subject to standard regional risks including seasonal thunderstorms and occasional high winds, with localized flood risks near creek beds.
Economic momentum is tied to the broader Lynchburg and Roanoke regional labor markets, with limited new commercial development occurring within the immediate ZIP code.
Property taxes are assessed by Bedford County based on fair market value, with rates set annually by the Board of Supervisors; no special district taxes are typically applied to residential parcels here.
Residents primarily rely on personal vehicles for commuting, with access to the Lynchburg and Roanoke employment hubs via US-460.
The area offers proximity to the Blue Ridge Mountains for hiking and outdoor activities, with limited local shopping and dining options within the immediate vicinity.
The rental market is characterized by low inventory and high demand for single-family detached homes, with limited multi-family options available.
The local economy is largely supported by the broader Lynchburg MSA, with major sectors including education, healthcare, and manufacturing.
Transportation is heavily dependent on private vehicle use, with US-460 serving as the primary arterial corridor for regional travel.
There are no major large-scale commercial or residential developments currently under construction within the 24174 ZIP code.
Bedford County utilizes a biennial reassessment cycle to determine property values for tax purposes.
Parcels are served by Bedford County Public Schools and local utility providers; no significant special tax districts are present.
Property insurance premiums are influenced by regional wildfire and wind risk factors, remaining generally stable for the area.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides extensive hiking and scenic driving opportunities nearby.
A major regional landmark offering trails, lake access, and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.