ZIP Code · VA

ZIP 24450

Part of Lexington, VA

Pop. 17,714·Rockbridge County·152nd most expensive ZIP in Virginia

Median rent (all units)

$1,647/mo

Year-over-Year

Stable

Month-over-Month

+3.3%

vs US Median

-$285

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 24450 · $1,647

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$900

1 BR

$950

2 BR

$1,040

3 BR

$1,450

4 BR+

$1,740

Research median

$1,040/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($76,587) is $1,915 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,740).

From Zillow's monthly rent index (ZORI) for ZIP 24450. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,764/yr

At $1,647/mo median

Location

CityLexington

StateVA

CountyRockbridge County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.3% MoM), not inventory.

Demographics

Who lives here

ZIP 24450 (Lexington, VA) is majority owner-occupied, skews toward younger working-age adults, 44.5% of residents hold a bachelor's degree or higher.

Population

17,714

Median income

$76,587

Median age

Renters

31.7%

Age distribution

13%

33.8%

18.8%

22.8%

Under 1813%

18–3433.8%

35–5418.8%

55–6411.6%

65+22.8%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

87.3%

White87.3%

Black4.1%

Hispanic4.1%

Asian2.3%

Other2.2%

Education (25+)

23.8%

23.7%

44.5%

No HS diploma8%

HS diploma23.8%

Some college23.7%

Bachelor's+44.5%

Housing tenure

68.3%

31.7%

Owner68.3%

Renter31.7%

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

2021 vs 2026

How ZIP 24450 in Lexington, VA has changed in 5 years

Income

$67,423 → $76,587

up 13.6%

Population

16,789 → 17,714

up 5.5%

Renter share

36.2% → 31.7%

-4.5 pts

Bachelor's+

46.4% → 44.5%

-1.9 pts

Median age

35.3 → 39

+3.7 yrs

Median household income rose from $67,423 to $76,587 between 2021 and 2024, a 13.6% shift. The population has grown by 5.5% since 2021, moving from about 16,789 residents to roughly 17,714. Renters now make up 31.7% of households, compared with 36.2% five years ago.

Community

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Local insights

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About renting in ZIP 24450

Last updated: September 25, 2026

ZIP code 24450 covers Lexington, VA. The median rent here is $1,647/mo as of September 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 26% of local median household income ($76,587/yr), ZIP 24450 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24450?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,647/mo in ZIP 24450. The local median household income is $76,587/yr, so the typical household meets that bar.