The story of this market
The typical home in ZIP 24631 sells for about $24,631, or $150 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $732 a month.
ZIP 24631 — Oakwood
The housing market in ZIP 24631 remains characterized by low inventory and modest price appreciation consistent with rural Appalachian trends. Market activity is limited, with few closed sales and a stable, albeit slow, pace of transactions. Current conditions reflect a localized market with minimal new development pressure.
Median prices moved up 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 0.9% · poverty 14.7% — 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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24631, 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.
Data retrieved from data.census.gov ZCTA 24631 profile.
- Southern Gap Outdoor Adventure4.88.4 mi
- Southern Gap Outdoor Adventure4.88.4 mi
- Poplar Gap Park4.67.9 mi
- Council Park & Pool4.710.3 mi
- Grundy Community Center4.56.1 mi
- Poplar Gap Park4.67.9 mi
- Council Park & Pool4.710.3 mi
- Grundy Town Center4.26 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.