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Housing market/Virginia/ZIP 24557

ACS 2023 · FY2027 SAFMR

ZIP 24557 Gretna, Pittsylvania County, Virginia

Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
7,832
Households
3,419
Median HH income
$44,948
Renter share
29.6%
Median gross rent
$792
Vacancy
17.0%
Pop. change
+4.0%
2BR SAFMR
$940
SAFMR / rent
1.187×
2–49 unit stock
173
LIHTC proj / units
2 / 87
HUD assisted MF
1 / 47

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 24557 · VA — sent to you.

ZIP 24557 · VA

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ACS rent vs 2BR SAFMR

ZIP 24557 — Gretna, VA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$792
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 24557

  • 1-unit detached3,16276.8%
  • 1-unit attached300.7%
  • 2–4 units551.3%
  • 5–49 units1182.9%
  • 50+ units30.1%
  • Mobile74818.2%
TypeUnitsShare
1-unit detached3,16276.7%
1-unit attached300.7%
2 units (duplex)441.1%
3–4 units110.3%
5–9 units421.0%
10–19 units631.5%
20–49 units130.3%
50+ units30.1%
Mobile74818.2%

2–4 unit share 1.3% · 5–49 unit share 2.9% · combined 2–49 4.2%.

Units by bedrooms

Studio
42
1BR
172
2BR
1,048
3BR
2,424
4BR
390
5+
45

Rent burden

Rent ≥30% of income40.1%
Rent ≥50% of income22.9%
  • ACS median gross rent $792 (all bedrooms, occupied rentals).
  • Median contract rent $542.
  • Renters paying ≥30% of income 40.1%; ≥50% 22.9%.
  • FY2027 2BR SAFMR $940 (1.187× ACS median gross rent).

Population

7,832 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.0%.

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

Assisted inventory

  • LIHTC: 2 projects, 87 units.
  • HUD project-based assisted MF: 1 properties, 47 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 24557 29.6% of occupied households are renters; vacancy is 17.0%; ACS median gross rent is $792; population increased +4.0% between the 2018 and 2023 ACS vintages; the housing stock includes 55 units in 2–4-unit structures and 118 units in 5–49-unit structures; 2 LIHTC projects totaling 87 units; FY2027 2BR SAFMR is $940 versus ACS median gross rent of $792. 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 24557 is a Census / HUD profile for Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 24557 — Gretna, VA HUD Section 8 Payment Standards / SAFMR·Virginia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
24054Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area22.6%$898$1,08024069Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area13.3%$1,071$1,10024137Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area11.3%$936$1,21024139Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area25.6%—$1,07024161Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area6.1%—$1,10024527Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area16.3%$893$1,03024530Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area11.0%—$1,01024531Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area20.4%$773$94024540Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area38.6%$828$94024541Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area46.5%$818$1,01024549Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area16.3%$1,123$1,09024563Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area28.9%$794$940

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 24557?

ZIP 24557 (Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area) has 7,832 residents, 3,419 households, a renter share of 29.6%, median household income of $44,948, and ACS 2023 median gross rent of $792. Vacancy is 17.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 24557?

ACS counts 44 units in 2-unit buildings, 11 in 3–4 unit buildings, 42 in 5–9, 63 in 10–19, and 13 in 20–49. Combined 2–49 unit stock is 173 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 24557?

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 24557 — Gretna, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 24557 is Census / HUD research for Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area. 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.