The story of this market
The typical home in ZIP 24314 sells for about $173,000, or $125 per square foot.
Prices are roughly flat from a year ago (-1%), a market in balance. Homes take about 86 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 24314 — Bastian
The housing market in ZIP 24314 is characterized by low inventory and slow turnover, typical of a rural, stable community. Prices have remained relatively flat year-over-year, reflecting a lack of speculative pressure and a focus on primary residential ownership. Market activity is driven by local demand rather than regional investment trends.
This area is best suited for those seeking a quiet, rural lifestyle, including retirees and outdoor enthusiasts who prioritize affordability and access to nature over proximity to urban employment centers.
Median prices moved down 1.0% year over year.
Homes spend a median of 86 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 3.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24314, Bland 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.
Schools in the area are managed by the Bland County Public Schools district, which serves the rural population of the county.
The area is located in a mountainous region of Southwest Virginia, with typical risks associated with rural terrain including localized flooding and winter weather impacts.
Economic momentum is limited, with the area serving primarily as a rural seat for Bland County; development is focused on small-scale residential and land-based activities.
Property taxes are assessed by Bland County based on fair market value; the county maintains a relatively low tax rate structure typical of rural Virginia jurisdictions.
Commuting is primarily car-dependent, with residents traveling via I-77 or local state routes to reach employment centers in neighboring counties.
The area offers significant outdoor recreation opportunities, including access to the Jefferson National Forest, hiking trails, and rural scenic landscapes.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal institutional investor presence.
The local economy is driven by agriculture, forestry, and government services associated with the county seat.
Transportation is dominated by private vehicle use along the I-77 corridor, which provides the primary link to regional hubs.
There are no major large-scale commercial or residential developments currently reported for this rural ZIP code.
The Bland County Commissioner of the Revenue oversees property assessments, which are conducted periodically to reflect market value.
Parcels are subject to county-level taxation and school district levies; no major MUD or PID districts are prevalent.
Property insurance availability is stable, though premiums may reflect the rural, fire-prone nature of the forested surroundings.
Virginia is a non-judicial foreclosure state, allowing for relatively efficient trustee sales following default.
Virginia is a 'caveat emptor' (buyer beware) state, though sellers are required to provide a residential property disclosure statement regarding the condition of the property.
Data derived from ZCTA-level census profiles and local market reports.
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.
Extensive public lands offering hiking, camping, and wildlife viewing.
Historic anchor for the county seat.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.