ZIP Code · VA

ZIP 24572

Part of Madison Heights, VA

Pop. 15,744·Amherst County·193rd most expensive ZIP in Virginia

Median rent (all units)

$989/mo

Year-over-Year

Stable

Month-over-Month

-0.6%

vs US Median

-$943

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 24572 · $989

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$940

1 BR

$960

2 BR

$1,080

3 BR

$1,490

4 BR+

$1,610

Research median

$1,080/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

What a typical income covers

30% of the median household income ($62,030) is $1,551 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,490); a 4-bedroom is $1,610.

From Zillow's monthly rent index (ZORI) for ZIP 24572. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,868/yr

At $989/mo median

Location

CityMadison Heights

StateVA

CountyAmherst 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, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 24572 (Madison Heights, VA) is majority owner-occupied, has a large retiree population, has a median income below the national average, 19.3% of residents hold a bachelor's degree or higher.

Population

15,744

Median income

$62,030

Median age

44.2

Renters

21.8%

Age distribution

19.2%

20.1%

22.6%

16.1%

22%

Under 1819.2%

18–3420.1%

35–5422.6%

55–6416.1%

65+22%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

69.8%

21.1%

White69.8%

Black21.1%

Hispanic3.4%

Asian1.1%

Other4.5%

Education (25+)

37.7%

33.6%

19.3%

No HS diploma9.4%

HS diploma37.7%

Some college33.6%

Bachelor's+19.3%

Housing tenure

78.2%

21.8%

Owner78.2%

Renter21.8%

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

2021 vs 2026

How ZIP 24572 in Madison Heights, VA has changed in 5 years

Income

$56,044 → $62,030

up 10.7%

Population

15,467 → 15,744

up 1.8%

Renter share

25.7% → 21.8%

-3.9 pts

Bachelor's+

18.7% → 19.3%

+0.6 pts

Median age

45 → 44.2

-0.8 yrs

Household income in the area moved from $56,044 to $62,030 across the same window, up 10.7% versus 2021. The population has grown by 1.8% since 2021, moving from about 15,467 residents to roughly 15,744. Renters now make up 21.8% of households, compared with 25.7% five years ago.

Community

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Local insights

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About renting in ZIP 24572

Last updated: October 17, 2026

ZIP code 24572 covers Madison Heights, VA. The median rent here is $989/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,080/mo.

At 19% of local median household income ($62,030/yr), ZIP 24572 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 24572?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (about $19/hour full-time) to afford the median rent of $989/mo in ZIP 24572. The local median household income is $62,030/yr, so the typical household meets that bar.