ZIP Code Market Report
24540 — Danville, VA
Data through February 2026 · Updated monthly
Avg Home Value
$149,968
▼ 1.1% year-over-year
Month-over-Month
-1.1%
▼ 1.1%
Single Family
$149,538
Condo / Co-op
--
The average home value in the 24540 ZIP code (Danville, VIRGINIA) is $149,968 as of February 2026. Home prices are declining, down 1.1% compared to last year.
A 3-bedroom home in 24540 is valued at $187,973.
The market in 24540 has a $193,628 spread between bottom-tier homes at $66,822 and top-tier homes at $260,450. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 24540 ZIP code will increase 0.5% over the next 12 months, bringing the projected average to approximately $150,718. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Danville City market area in VIRGINIA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Danville City report.
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Market Snapshot
24540 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $152,608 | $151,696 | $149,968 | ▼ 1.7% |
| Single Family Value | $148,966 | $149,274 | $149,538 | ▲ 0.4% |
Home Values
24540 Home Value Trend
Historical home values for ZIP code 24540. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 24540
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $88,412 |
| 3 Bedrooms | $187,973 |
| 4 Bedrooms | $234,068 |
Property Types
Home Values by Property Type in 24540
How different property types compare in this ZIP code.
All Homes
$149,968
Single Family
$149,538
Bottom Tier
$66,822
Top Tier
$260,450
Forecast
12-Month Home Value Forecast for 24540
Zillow projects home values in 24540 will increase 0.5% over the next year, reaching approximately $150,718.
Current Value
$149,968
Projected Change
+0.5%
▲ 0.5%
Projected Value
$150,718
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 24540 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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