24981 ZIP Code Profile, Map, Data & Demographics

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Talcott, WV 24981 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	548 (100%)
Population in Households	438 (79.9%)
Population in Families	354 (64.6%)
Population in Group Quarters¹	110 (20.1%)
Population Density	60
Diversity Index²	24


INCOME
Median Household Income	$41,518
Average Household Income	$55,648
% of Income for Mortgage⁴	13%
Per Capita Income	$20,552
Wealth Index⁵	41

HOUSING
Total HU (Housing Units)	393 (100%)
Owner Occupied HU	209 (53.2%)
Renter Occupied HU	50 (12.7%)
Vacant Housing Units	133 (33.8%)
Median Home Value	$102,941
Average Home Value	$119,405
Housing Affordability Index³	212

HOUSEHOLDS
Total Households	260
Average Household Size	1.68
Family Households	172
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Talcott, WV 24981 - Peer Comparisons by Rank and Percentile

The table below compares 24981 to the other 668 ZIP Codes in West Virginia by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-2.34%	-0.74%
Households	-2.62%	-0.94%
Families		-0.95%
Median Household Income		2.11%
Per Capita Income		2.32%
Owner Occupied HU		-0.68%

Variable Description	Rank	Percentile
Total Population	# 404	40th
Population Density	# 254	62nd
Median Household Income	# 447	33rd
Housing Affordability Index	# 365	55th
Per Capita Income	# 558	17th
Diversity Index	# 74	89th

24981 ZIP Code Profile, Map, Data & Demographics

ZIP Code 24981: Basic Data & USPS Preferred City Name

Talcott, WV 24981 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Talcott, WV 24981 - Peer Comparisons by Rank and Percentile

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