Housing market/Virginia/ZIP 24263

ACS 2023 · FY2027 SAFMR

ZIP 24263 Jonesville, Lee County, Virginia

Lee County, VA · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
5,661
Households
2,469
Median HH income
$40,694
Renter share
27.6%
Median gross rent
$619
Vacancy
17.0%
Pop. change
-7.8%
2BR SAFMR
$940
SAFMR / rent
1.519×
2–49 unit stock
279
LIHTC proj / units
2 / 74
HUD assisted MF
1 / 11

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 24263 · VA — sent to you.

ZIP 24263 · VA

ACS median rent$619
2BR SAFMR$940
90% floor$846
110% ceiling$1,034

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 24263

  • 1-unit detached2,26376.1%
  • 2–4 units1655.5%
  • 5–49 units1143.8%
  • Mobile43314.6%
TypeUnitsShare
1-unit detached2,26376.1%
1-unit attached00.0%
2 units (duplex)230.8%
3–4 units1424.8%
5–9 units712.4%
10–19 units381.3%
20–49 units50.2%
50+ units00.0%
Mobile43314.6%

2–4 unit share 5.5% · 5–49 unit share 3.8% · combined 2–49 9.4%.

Units by bedrooms

Studio
43
1BR
273
2BR
757
3BR
1,518
4BR
330
5+
54

Rent burden

Rent ≥30% of income42.9%
Rent ≥50% of income26.3%
  • ACS median gross rent $619 (all bedrooms, occupied rentals).
  • Median contract rent $447.
  • Renters paying ≥30% of income 42.9%; ≥50% 26.3%.
  • FY2027 2BR SAFMR $940 (1.519× ACS median gross rent).

Population

5,661 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 74 units.
  • HUD project-based assisted MF: 1 properties, 11 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 24263 27.6% of occupied households are renters; vacancy is 17.0%; ACS median gross rent is $619; population changed -7.8% between the 2018 and 2023 ACS vintages; the housing stock includes 165 units in 2–4-unit structures and 114 units in 5–49-unit structures; 2 LIHTC projects totaling 74 units; FY2027 2BR SAFMR is $940 versus ACS median gross rent of $619. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Virginia research

ZIP 24263 is a Census / HUD profile for Lee County, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Virginia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 24263?

ZIP 24263 (Lee County, VA) has 5,661 residents, 2,469 households, a renter share of 27.6%, median household income of $40,694, and ACS 2023 median gross rent of $619. Vacancy is 17.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 24263?

ACS counts 23 units in 2-unit buildings, 142 in 3–4 unit buildings, 71 in 5–9, 38 in 10–19, and 5 in 20–49. Combined 2–49 unit stock is 279 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 24263?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $940. See the full schedule and 90–110% payment-standard band on the ZIP 24263 — Jonesville, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 24263 is Census / HUD research for Lee County, VA. Jeff Crowe CRE does not list Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.