20186, Warrenton, VA

Home Equity and Home Prices in the 20186 Zip Code of Warrenton, VA

The 20186 zip code of Warrenton, VA has a median home value of $236,000. This is a decrease from the median home value of $248,000 in 2017. The percentage decrease in home values is due to a number of factors including an increase in inventory and decreasing demand for homes.

Despite the decrease in home values, homeownership rates remain high in the 20186 zip code with over 95% of households owning their homes. This high homeownership rate is likely due to the low interest rates and stable economy that have persisted throughout the past few years.

Home equity is important for many reasons. It can provide financial stability during tough times and can be used to pay down debt or invest in other assets. Additionally, homeownership rates are higher when there is strong home equity because it gives people more stability when looking for a place to live.

While there may be some fluctuations in home values over time, overall the market trends are positive for homeownership and home equity in the 20186 zip code of Warrenton, VA.