Housing market/Virginia/ZIP 24251
ZIP 24251 Gate City, Virginia
Kingsport-Bristol, TN-VA MSA · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 24251 · VA — sent to you.
ZIP 24251 · VA
ACS rent vs 2BR SAFMR
ZIP 24251 — Gate City, VA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 24251
- 1-unit detached3,54080.8%
- 1-unit attached140.3%
- 2–4 units350.8%
- 5–49 units1142.6%
- 50+ units40.1%
- Mobile67315.4%
2–4 unit share 0.8% · 5–49 unit share 2.6% · combined 2–49 3.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $643 (all bedrooms, occupied rentals).
- Median contract rent $397.
- Renters paying ≥30% of income 32.0%; ≥50% 17.4%.
- FY2027 2BR SAFMR $1,000 (1.555× ACS median gross rent).
Population
7,976 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -5.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 41 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 24251 21.1% of occupied households are renters; vacancy is 20.7%; ACS median gross rent is $643; population changed -5.1% between the 2018 and 2023 ACS vintages; the housing stock includes 35 units in 2–4-unit structures and 114 units in 5–49-unit structures; 1 LIHTC projects totaling 41 units; FY2027 2BR SAFMR is $1,000 versus ACS median gross rent of $643. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Virginia research
ZIP 24251 is a Census / HUD profile for Kingsport-Bristol, TN-VA, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 24251 — Gate City, VA HUD Section 8 Payment Standards / SAFMR·Virginia ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Virginia research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 24251?
ZIP 24251 (Kingsport-Bristol, TN-VA MSA) has 7,976 residents, 3,479 households, a renter share of 21.1%, median household income of $44,990, and ACS 2023 median gross rent of $643. Vacancy is 20.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 24251?
ACS counts 10 units in 2-unit buildings, 25 in 3–4 unit buildings, 24 in 5–9, 45 in 10–19, and 45 in 20–49. Combined 2–49 unit stock is 149 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 24251?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,000. See the full schedule and 90–110% payment-standard band on the ZIP 24251 — Gate City, VA HUD Section 8 Payment Standards / SAFMR.
Does this Virginia ZIP profile include Georgia listings?
No. ZIP 24251 is Census / HUD research for Kingsport-Bristol, TN-VA MSA. Jeff Crowe CRE does not list Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.