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ZIP Code · VA

ZIP 24551

Part of Forest, VA
Pop. 28,554·Bedford County·190th most expensive ZIP in Virginia
Median rent (all units)
$1,330/mo
Year-over-Year
Stable
Month-over-Month
-0.4%
vs US Median
-$635
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 24551 · $1,330
More affordable than 85% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,140
2 BR
$1,310
3 BR
$1,800
4 BR+
$1,930
Research median
$1,310/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
$15,960/yr
At $1,330/mo median
Location
CityForest
StateVA
CountyBedford County
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 (+0.0% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 24551 (Forest, VA) is majority owner-occupied, has a median income above the national average, 45.9% of residents hold a bachelor's degree or higher.

Population
28,554
Median income
$91,067
Median age
41.7
Renters
17.5%
Age distribution
21.5%
20.6%
24%
15.7%
18.2%
Under 1821.5%
18–3420.6%
35–5424%
55–6415.7%
65+18.2%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
79.7%
White79.7%
Black9.4%
Hispanic3.1%
Asian1.8%
Other6%
Education (25+)
20%
29.7%
45.9%
No HS diploma4.4%
HS diploma20%
Some college29.7%
Bachelor's+45.9%
Housing tenure
82.5%
17.5%
Owner82.5%
Renter17.5%

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

2021 vs 2026

How ZIP 24551 in Forest, VA has changed in 5 years

Income
$83,995 → $91,067
up 8.4%
Population
26,376 → 28,554
up 8.3%
Renter share
19.5% → 17.5%
-2.0 pts
Bachelor's+
45.6% → 45.9%
+0.3 pts
Median age
42.9 → 41.7
-1.2 yrs

Median household income grew from $83,995 to $91,067 between 2021 and 2024, a 8.4% shift. Headcount in the area went from 26,376 to 28,554 between 2021 and 2024, a 8.3% change. About 17.5% of households rent today, against 19.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 24551

About renting in ZIP 24551

Last updated: July 20, 2026

ZIP code 24551 covers Forest, VA. The median rent here is $1,330/mo as of July 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,310/mo.

At 18% of local median household income ($91,067/yr), ZIP 24551 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 24551?

As of July 20, 2026, the median monthly rent in ZIP 24551 (Forest, VA) is $1,330. This is based on aggregated data from public sources and community submissions.

How does ZIP 24551 rent compare to the US average?

ZIP 24551's median rent of $1,330/mo is $635 (32%) below the US national median of $1,965/mo.

How does ZIP 24551 compare to other ZIPs in Virginia?

ZIP 24551 is among the more affordable ZIP codes in Virginia, ranking #190 out of 198 ZIPs at $1,330/mo.

How much income do you need to rent in ZIP 24551?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,330/mo in ZIP 24551. The local median household income is $91,067/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 24551?

Rent in ZIP 24551 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 24551 an affordable place to rent?

ZIP 24551 is considered very affordable for renters. At $1,330/mo, rent takes approximately 18% of the local median household income ($91,067/yr). The standard benchmark is 30%. ZIP 24551 falls comfortably within that range.

What percentage of ZIP 24551 residents rent vs. own?

According to Census data, approximately 17.5% of ZIP 24551 households are renters, while 82.5% are owner-occupied. ZIP 24551 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 24551 compare to the rest of Forest?

ZIP 24551 is more affordable than Forest overall. At $1,330/mo, it's $227 below the Forest citywide median of $1,557/mo.

When was rent data for ZIP 24551 last updated?

Rent data for ZIP 24551 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,330/mo, rent takes ~18% of ZIP 24551's median household income ($91,067/yr). The standard benchmark is 30%.

ZIP 24551 18%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24551 (Forest, VA)

Recent submissions

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