ZIP Code · VA

ZIP 24153

Part of Salem, VA

Pop. 38,914·Salem City·161st most expensive ZIP in Virginia

Median rent (all units)

$1,563/mo

Year-over-Year

-0.5%

Month-over-Month

-0.3%

vs US Median

-$369

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 24153 · $1,563

More affordable than 68% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,180

2 BR

$1,400

3 BR

$1,950

4 BR+

$2,350

Research median

$1,400/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Virginia

Rent in ZIP 24153 changed -0.5% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has fallen 6 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($74,260) is $1,857 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,400); a 3-bedroom is $1,950.

Cheaper nearby

ZIP 24015, 8 miles away, rents for 11% less ($1,395/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 24153. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,756/yr

At $1,563/mo median

Location

CitySalem

StateVA

CountySalem City

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.5% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 24153 (Salem, VA) is majority owner-occupied, has a large retiree population, 31.3% of residents hold a bachelor's degree or higher.

Population

38,914

Median income

$74,260

Median age

42.3

Renters

28.7%

Age distribution

18.7%

21.9%

25%

13.4%

20.9%

Under 1818.7%

18–3421.9%

35–5425%

55–6413.4%

65+20.9%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

84.3%

White84.3%

Black7.5%

Hispanic4.9%

Asian1.6%

Other1.7%

Education (25+)

32.3%

30.8%

31.3%

No HS diploma5.5%

HS diploma32.3%

Some college30.8%

Bachelor's+31.3%

Housing tenure

71.3%

28.7%

Owner71.3%

Renter28.7%

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

2021 vs 2026

How ZIP 24153 in Salem, VA has changed in 5 years

Income

$70,168 → $74,260

up 5.8%

Population

38,178 → 38,914

up 1.9%

Renter share

28% → 28.7%

+0.7 pts

Bachelor's+

30.7% → 31.3%

+0.6 pts

On the earnings side, the typical household in ZIP 24153 in Salem, VA now reports about $74,260, up from $70,168 in 2021. The population has grown by 1.9% since 2021, moving from about 38,178 residents to roughly 38,914.

Community

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Local insights

Tips for renters in ZIP 24153

About renting in ZIP 24153

Last updated: October 17, 2026

ZIP code 24153 covers Salem, VA. The median rent here is $1,563/mo as of October 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,400/mo.

At 25% of local median household income ($74,260/yr), ZIP 24153 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24153?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,563/mo in ZIP 24153. The local median household income is $74,260/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 24153?

Rent in ZIP 24153 has fallen 0.5% over the past year.

How does ZIP 24153 compare to other ZIPs in Virginia?

ZIP 24153 is one of the more affordable among Virginia ZIP codes for rent, ranking #161 of 194 at $1,563/mo. Over the year to September 2026, rent in ZIP 24153 changed -0.5%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.