20184, Upperville, VA

The Upperville, VA zip code of 20184 has a median home value of $249,900. This is a decrease from the median home value of $269,500 in 2017. The decrease in home values can be attributed to the current market conditions and the lack of available inventory.

Despite the decrease in home values, homeownership rates remain high in Upperville. In 2018, 69% of households were owner-occupied while 31% were rented. This is similar to homeownerhip rates throughout much of Northern Virginia and reflects the strong demand for housing in this area.

Home equity is an important factor when considering purchasing a home. Homeowners who have equity in their homes can borrow against that equity to make larger purchases or repairs on their homes. Home prices are also affected by how much equity homeowners have in their homes. If there is less equity in a house, then the house may be more likely to be sold at a lower price than if there is more equity present.

The Upperville zip code has seen significant growth over the past several years due to its proximity to Washington D.C., Alexandria, and Arlington counties as well as its many amenities such as schools and shopping districts. As long as there are strong job prospects and continued growth within these areas, homeownership rates will continue to rise and home prices will continue to increase