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ZIP Code · VA

ZIP 24450

Pop. 17,714·Rockbridge County·144th most expensive ZIP in Virginia
Median rent (all units)
$1,699/mo
Year-over-Year
Stable
Month-over-Month
+10.4%
vs US Median
-$266
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 24450 · $1,699
More affordable than 59% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$20,388/yr
At $1,699/mo median
Location
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, +10.4% 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
39
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

Tips for renters in ZIP 24450

About renting in ZIP 24450

Last updated: July 20, 2026

ZIP code 24450 covers Lexington, VA. The median rent here is $1,699/mo as of July 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 27% 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 is rent in ZIP code 24450?

As of July 20, 2026, the median monthly rent in ZIP 24450 (Lexington, VA) is $1,699. This is based on aggregated data from public sources and community submissions.

How does ZIP 24450 rent compare to the US average?

ZIP 24450's median rent of $1,699/mo is $266 (14%) below the US national median of $1,965/mo.

How does ZIP 24450 compare to other ZIPs in Virginia?

ZIP 24450 is among the more affordable ZIP codes in Virginia, ranking #144 out of 198 ZIPs at $1,699/mo.

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 $68,000/year (~$33/hour full-time) to afford the median rent of $1,699/mo in ZIP 24450. The local median household income is $76,587/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 24450?

Rent in ZIP 24450 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 24450 an affordable place to rent?

ZIP 24450 is considered affordable for renters. At $1,699/mo, rent takes approximately 27% of the local median household income ($76,587/yr). The standard benchmark is 30%. ZIP 24450 falls comfortably within that range.

What percentage of ZIP 24450 residents rent vs. own?

According to Census data, approximately 31.7% of ZIP 24450 households are renters, while 68.3% are owner-occupied. ZIP 24450 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 24450 compare to the rest of Lexington?

ZIP 24450 sits right at the Lexington citywide median of $1,699/mo.

When was rent data for ZIP 24450 last updated?

Rent data for ZIP 24450 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,699/mo, rent takes ~27% of ZIP 24450's median household income ($76,587/yr). The standard benchmark is 30%.

ZIP 24450 27%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24450 (Lexington, VA)

Recent submissions

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