20165, Sterling, VA

The 20165 zip code of Sterling, VA has a median home value of $224,000. This is a decrease from the median home value of $248,000 in 2015. The decrease in home values can be attributed to a number of factors including low interest rates and increased competition for homes in this area.

Despite the decrease in home values, homeownership rates remain high in the 20165 zip code with over 80% of households owning their homes. This high homeownership rate is likely due to the strong economy and stable housing market conditions.

Home equity is an important factor when considering purchasing a home. Home equity allows homeowners to borrow money against their homes to purchase additional property or cover other expenses. In 2016, the average homeowner had over $141,000 in total home equity.

The 20165 zip code has seen an increase in home prices over the past few years due to strong demand and limited supply. As more people are looking for homes in this area, prices are going up faster than average. If you are interested in buying a home in Sterling, it is important to research current market conditions and make sure you have enough money saved up to cover any potential increases in prices