ZIP Code 24853

In ZIP code 24853, near Welch, households bring in a median of $13,092 a year, while per-person income reaches $16,503. With the county's effective property tax rate at 0.67%, a home's assessed value matters enormously against those earnings — each $100,000 of value generates roughly $670 in yearly tax, a sum that can weigh heavily when median household income sits in the low five figures. Sales tax adds 6.00% to purchases. The gap between what homes cost to own and what residents earn shapes daily life here, where property taxes consume a meaningful share of limited household budgets.