Housing market/Virginia/ZIP 24317

ACS 2023 · FY2027 SAFMR

ZIP 24317 Cana, Patrick County, Virginia

Patrick 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
3,559
Households
1,568
Median HH income
$40,000
Renter share
23.4%
Median gross rent
$749
Vacancy
26.6%
Pop. change
-9.0%
2BR SAFMR
$1,140
SAFMR / rent
1.522×
2–49 unit stock
—
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 24317 · VA — sent to you.

ZIP 24317 · VA

ACS median rent$749
2BR SAFMR$1,140
90% floor$1,026
110% ceiling$1,254

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

Housing stock

ACS 2023 units-in-structure · ZCTA 24317

  • 1-unit detached1,45668.5%
  • 1-unit attached110.5%
  • Mobile65931.0%
TypeUnitsShare
1-unit detached1,45668.2%
1-unit attached110.5%
2 units (duplex)00.0%
3–4 units00.0%
5–9 units00.0%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile65930.9%

2–4 unit share 0.0% · 5–49 unit share 0.0% · combined 2–49 0.0%.

Units by bedrooms

Studio
10
1BR
86
2BR
832
3BR
1,006
4BR
180
5+
22

Rent burden

Rent ≥30% of income4.1%
Rent ≥50% of income1.4%
  • ACS median gross rent $749 (all bedrooms, occupied rentals).
  • Median contract rent $518.
  • Renters paying ≥30% of income 4.1%; ≥50% 1.4%.
  • FY2027 2BR SAFMR $1,140 (1.522× ACS median gross rent).

Population

3,559 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -9.0%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • 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 24317 23.4% of occupied households are renters; vacancy is 26.6%; ACS median gross rent is $749; population changed -9.0% between the 2018 and 2023 ACS vintages; the housing stock includes 0 units in 2–4-unit structures and 0 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,140 versus ACS median gross rent of $749. 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 24317 is a Census / HUD profile for Patrick 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 24317?

ZIP 24317 (Patrick County, VA) has 3,559 residents, 1,568 households, a renter share of 23.4%, median household income of $40,000, and ACS 2023 median gross rent of $749. Vacancy is 26.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 24317?

ACS counts 0 units in 2-unit buildings, 0 in 3–4 unit buildings, 0 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is — units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 24317?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,140. See the full schedule and 90–110% payment-standard band on the ZIP 24317 — Cana, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 24317 is Census / HUD research for Patrick 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.