The story of this market
The typical home in ZIP 24614 sells for about $149,900, or $96 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 24614 — Grundy
The 24614 housing market is characterized by low inventory and slow sales velocity, reflecting a rural economy with limited growth. Prices remain affordable compared to national averages, though the market is currently experiencing a slight year-over-year decline in median values. Demand is primarily driven by local residents, with minimal speculative investment activity.
This ZIP is best suited for local workers, retirees, and those seeking affordable, rural mountain living, as it offers low entry prices but limited employment and amenity density.
Median prices moved down 2.1% year over year.
Homes spend a median of 88 days on market with 11.6 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 25.5% — 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 3.0%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 24614, Buchanan 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 Grundy are generally lower than the national average, with property crime being the most frequently reported incident type in the region.
Schools in the area are part of the Buchanan County Public Schools system, which serves a rural student population with limited extracurricular resources compared to urban districts.
The area faces significant flood risks due to its mountainous terrain and proximity to river valleys, necessitating flood insurance for many properties.
Economic momentum is limited, with the area historically reliant on coal mining; current development is focused on small-scale infrastructure and local government projects.
Property taxes are assessed by Buchanan County based on fair market value, with rates set annually by the Board of Supervisors; no significant special district taxes apply.
Commutes are primarily car-dependent, with residents traveling along US Route 460 to reach employment hubs in neighboring towns.
Recreation is centered on outdoor activities including hiking, fishing, and access to the Appalachian trail system, with limited commercial shopping options.
The rental market is characterized by low inventory and modest demand, with most rentals consisting of single-family homes rather than multi-family complexes.
The economy is transitioning from a coal-dependent base to one focused on healthcare, education, and local government services.
Transportation is almost exclusively via private vehicle, with limited public transit options available in the mountainous terrain.
Development is largely focused on infrastructure improvements and small-scale residential renovations rather than large-scale commercial projects.
The Buchanan County Commissioner of the Revenue oversees property assessments, which are conducted periodically to reflect market changes.
Parcels are subject to standard county and school district levies; no major MUD or PID districts are present.
Property insurance premiums are influenced by flood and wildfire risk, with many properties requiring specialized coverage.
Data retrieved from data.census.gov ZCTA-level profiles.
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.
- Southern Gap Outdoor Adventure4.87.3 mi
- Breaks Interstate Park4.712.8 mi
- Southern Gap Outdoor Adventure4.87.3 mi
- Poplar Gap Park4.67 mi
- Grundy Community Center4.52.9 mi
- Breaks Interstate Park4.712.8 mi
- Poplar Gap Park4.67 mi
- Grundy Town Center4.23 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Known as the Grand Canyon of the South, offering extensive hiking and scenic views.
Small local commercial hub providing essential services and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.