Housing market/Virginia/ZIP 24541

ACS 2023 · FY2027 SAFMR

ZIP 24541 Danville, Pittsylvania County, Virginia

Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
28,151
Households
12,288
Median HH income
$49,292
Renter share
46.5%
Median gross rent
$818
Vacancy
15.3%
Pop. change
+2.0%
2BR SAFMR
$1,010
SAFMR / rent
1.235×
2–49 unit stock
2,934
LIHTC proj / units
9 / 523
HUD assisted MF
5 / 279

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 24541 · VA — sent to you.

ZIP 24541 · VA

ACS median rent$818
2BR SAFMR$1,010
90% floor$909
110% ceiling$1,111

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 24541

  • 1-unit detached10,09969.6%
  • 1-unit attached2231.5%
  • 2–4 units1,1147.7%
  • 5–49 units1,82012.5%
  • 50+ units5844.0%
  • Mobile6664.6%
TypeUnitsShare
1-unit detached10,09969.6%
1-unit attached2231.5%
2 units (duplex)5443.8%
3–4 units5703.9%
5–9 units8415.8%
10–19 units5603.9%
20–49 units4192.9%
50+ units5844.0%
Mobile6664.6%

2–4 unit share 7.7% · 5–49 unit share 12.5% · combined 2–49 20.2%.

Units by bedrooms

Studio
330
1BR
1,526
2BR
5,137
3BR
5,087
4BR
1,968
5+
458

Rent burden

Rent ≥30% of income40.7%
Rent ≥50% of income23.0%
  • ACS median gross rent $818 (all bedrooms, occupied rentals).
  • Median contract rent $568.
  • Renters paying ≥30% of income 40.7%; ≥50% 23.0%.
  • FY2027 2BR SAFMR $1,010 (1.235× ACS median gross rent).

Population

28,151 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 9 projects, 523 units.
  • HUD project-based assisted MF: 5 properties, 279 assisted units.
  • 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 24541 46.5% of occupied households are renters; vacancy is 15.3%; ACS median gross rent is $818; population increased +2.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,114 units in 2–4-unit structures and 1,820 units in 5–49-unit structures; 9 LIHTC projects totaling 523 units; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $818. 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 24541 is a Census / HUD profile for Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 24541?

ZIP 24541 (Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area) has 28,151 residents, 12,288 households, a renter share of 46.5%, median household income of $49,292, and ACS 2023 median gross rent of $818. Vacancy is 15.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 24541?

ACS counts 544 units in 2-unit buildings, 570 in 3–4 unit buildings, 841 in 5–9, 560 in 10–19, and 419 in 20–49. Combined 2–49 unit stock is 2,934 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 24541?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 24541 — Danville, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 24541 is Census / HUD research for Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area. 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.