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ZIP Code · VA

ZIP 24060

Pop. 48,541·Montgomery County·138th most expensive ZIP in Virginia
Median rent (all units)
$1,721/mo
Year-over-Year
-9.5%
Month-over-Month
-6.3%
vs US Median
-$244
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 24060 · $1,721
More affordable than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,090
2 BR
$1,390
3 BR
$1,870
4 BR+
$2,330
Research median
$1,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,652/yr
At $1,721/mo median
Location
StateVA
CountyMontgomery County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.5% YoY, -6.3% MoM), not inventory.
Demographics

Who lives here

ZIP 24060 (Blacksburg, VA) is majority renter-occupied, skews toward younger working-age adults, 64% of residents hold a bachelor's degree or higher.

Population
48,541
Median income
$67,675
Median age
27.1
Renters
56.6%
Age distribution
13.7%
45.5%
19.4%
13.1%
Under 1813.7%
18–3445.5%
35–5419.4%
55–648.2%
65+13.1%
Gender
53.1%
46.9%
Male53.1%
Female46.9%
Race & ethnicity
81.2%
White81.2%
Black2.8%
Hispanic3.9%
Asian8.7%
Other3.3%
Education (25+)
15.6%
17.7%
64%
No HS diploma2.7%
HS diploma15.6%
Some college17.7%
Bachelor's+64%
Housing tenure
43.4%
56.6%
Owner43.4%
Renter56.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 24060 in Blacksburg, VA has changed in 5 years

Income
$56,729 → $67,675
up 19.3%
Population
48,296 → 48,541
up 0.5%
Renter share
55.7% → 56.6%
+0.9 pts
Bachelor's+
62.4% → 64%
+1.6 pts

Household income in the area moved from $56,729 to $67,675 across the same window, up 19.3% versus 2021.

Community

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Local insights

Tips for renters in ZIP 24060

About renting in ZIP 24060

Last updated: July 20, 2026

ZIP code 24060 covers Blacksburg, VA. The median rent here is $1,721/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,390/mo.

At 31% of local median household income ($67,675/yr), ZIP 24060 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 9.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 24060?

As of July 20, 2026, the median monthly rent in ZIP 24060 (Blacksburg, VA) is $1,721. This is based on aggregated data from public sources and community submissions.

How does ZIP 24060 rent compare to the US average?

ZIP 24060's median rent of $1,721/mo is $244 (12%) below the US national median of $1,965/mo.

How does ZIP 24060 compare to other ZIPs in Virginia?

ZIP 24060 is among the more affordable ZIP codes in Virginia, ranking #138 out of 198 ZIPs at $1,721/mo.

How much income do you need to rent in ZIP 24060?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,721/mo in ZIP 24060. The local median household income is $67,675/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 24060?

Rent in ZIP 24060 has decreased 9.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 24060 an affordable place to rent?

ZIP 24060 is considered moderate for renters. At $1,721/mo, rent takes approximately 31% of the local median household income ($67,675/yr). The standard benchmark is 30%. ZIP 24060 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 24060 residents rent vs. own?

According to Census data, approximately 56.6% of ZIP 24060 households are renters, while 43.4% are owner-occupied. With a majority renter population, ZIP 24060 has a strong rental market.

How does ZIP 24060 compare to the rest of Blacksburg?

ZIP 24060 sits right at the Blacksburg citywide median of $1,721/mo.

When was rent data for ZIP 24060 last updated?

Rent data for ZIP 24060 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,721/mo, rent takes ~31% of ZIP 24060's median household income ($67,675/yr). The standard benchmark is 30%.

ZIP 24060 31%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24060 (Blacksburg, VA)

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