19970, Ocean View, DE

The 19970 zip code of Ocean View, DE has a median home value of $137,000. This is significantly lower than the statewide median home value of $217,500. The average home value in this zip code is also much lower than the national average home value of $197,200.

There are a number of factors that may contribute to the low home values in this zip code. First, Ocean View is located in a relatively rural area and there are not many opportunities for people to invest in or buy homes here. Additionally, many homes in this area were built before 1990 and have not been updated since then. As a result, they are likely not as energy-efficient or comfortable as newer homes and may not be worth as much on the market today.

Despite these factors, there are still some homeowners who have managed to sell their homes for above their listed price. In fact, one homeowner who sold their home for $142,000 was able to achieve a 95% return on investment (ROI). These high returns suggest that there is potential for homeowners in this area to make significant profits if they can find the right buyer and negotiate an acceptable sale price.