20187, Warrenton, VA

The Warrenton zip code 20187 has a population of around 54,000 people and is located in the Northern Virginia region. The median home value in this zip code is $247,500 which is significantly higher than the national median home value of $217,500. This high home value can be attributed to the many affluent and well-educated residents who live in this area.

Another contributing factor to the high home values in Warrenton is the strong economy. The unemployment rate in this zip code is 3%, which is much lower than the national unemployment rate of 4%. This low unemployment rate indicates that there are plenty of jobs available for residents who want them. Additionally, there are a number of businesses located in Warrenton that provide good jobs for residents.

Despite these positive factors, there are some limitations to consider when assessing home equity and home prices in Warrenton. First and foremost, the cost of living in this area is high compared to other areas of the country. Second, although there are a number of affluent and well-educated residents living in Warrenton, not everyone can afford to purchase a house here. Finally, although the economy remains strong overall, it could potentially decline at any time which would lead to a decrease in home values.