The story of this market
The typical home in ZIP 24467 sells for about $418,659, or $226 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $702 a month.
ZIP 24467 — Mountain Grove
The housing market in 24467 is currently facing significant headwinds due to high home values relative to local rental income. With a price-to-rent ratio of 33.1, the area is challenging for investors, and price recovery has lagged behind neighboring ZIP codes in Augusta County.
This ZIP is primarily suited for established families and long-term residents, as the high price-to-rent ratio and elevated home values relative to nearby areas present challenges for short-term investors and renters.
Median prices moved up 0.7% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
9% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 6.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24467, Augusta 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.
The rental market in 24467 is characterized by a high price-to-rent ratio of 33.1, making it difficult for investors to achieve positive cash flow at current home values.
The local economy is centered within Augusta County, with a mix of residential and agricultural land use.
Data aggregated from Repit and UnitedStatesZipCodes.org
- Massanutten Resort4.216.5 mi
- Massanutten Indoor WaterPark4.316.5 mi
- Valley Jump Park4.512 mi
- Fastrax4.514.2 mi
- Escapism Escape Rooms513.4 mi
- Massanutten Resort4.216.5 mi
- King Family Vineyards4.719.1 mi
- Hazy Mountain Vineyards & Brewery4.619.1 mi
- White Oak Lavender Farm & The Purple WOLF Vineyard4.69.5 mi
- Bridgeforth Stadium4.812.5 mi
- Grand Caverns4.87 mi
- White Oak Lavender Farm & The Purple WOLF Vineyard4.69.5 mi
- Frontier Culture Museum4.711 mi
- Virginia Scenic Railway4.710.6 mi
- CrossKeys Vineyards4.57.2 mi
- Frontier Culture Museum4.711 mi
- Explore More Discovery Museum4.813.4 mi
- Woodrow Wilson Presidential Library & Museum Visitor Center4.49.9 mi
- Virginia Quilt Museum4.610.7 mi
- Melrose Caverns4.819.6 mi
- Grand Caverns4.87 mi
- Blackrock Summit4.912.5 mi
- Natural Chimneys Park and Campground4.79 mi
- Frontier Culture Museum4.711 mi
- Gypsy Hill Park4.79.9 mi
- Lakeview Golf Club4.110.9 mi
- Heritage Oaks Golf Course3.912.8 mi
- Waynesboro Golf and Games LLC.4.612.3 mi
- Ingleside Golf Resort and Conference Center3.46.8 mi
- Valley Mall412.8 mi
- Shenandoah Heritage Market4.68.9 mi
- Overlook Produce, Bakery & Deli4.86.6 mi
- T.J. Maxx4.311.3 mi
- Ross Dress for Less4.412.9 mi
- Charlottesville–Albemarle Airport4.229.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.