22026, Dumfries, VA

The 22026 zip code of Dumfries, VA has a median home value of $217,000. This is higher than the national median home value of $161,500. The 22026 zip code also has a lower than average home equity percentage of 58%. This means that the majority of homes in this zip code are valued at less than their original purchase price.

The 22026 zip code has a high rate of homeownership at 87%. This is higher than the national homeownership rate of 63%. Additionally, the percentage of homes that are owner-occupied in this zip code is higher than the national percentage of owner-occupied homes.

Despite having a high rate of homeownership and a low home equity percentage, there is still significant demand for housing in the 22026 zip code. The average list price per square foot for homes in this zipcode is $269 which is above the national average list price per square foot ($236).

There are several factors that may contribute to the high demand for housing in the 22026 zip code. One factor may be that many residents commute into Washington D.C., which has a high cost of living. Additionally, many residents may be able to afford to live in this area because it does not have an extremely high unemployment rate like some other areas in Virginia do.

Despite having a high demand for housing and relatively low rates on home equity, there are still some risks associated with buying or owning a home in the 22026 zip code. One risk may be that interest rates could increase significantly over time and make it more difficult to pay off your mortgage or loan balance. Another risk could be if you lose your job or experience financial difficulties, your home might become worth less due to decreased values and decreased property taxes owed on it