22079, Lorton, VA

The 22079 zip code of Lorton, VA has a population of around 107,000 and a median home value of $185,000. The average home equity in this zip code is around $130,000. This means that the majority of homes in this area are owner-occupied and have some level of equity.

Home prices in the 22079 zip code have been increasing steadily over the past few years. In fact, according to Zillow’s Home Value Index, the median home value in this area has increased by 7% since 2016. This trend is likely to continue as demand for housing continues to increase nationwide and especially in areas like Lorton that are located near major metropolitan areas.

One reason why home values have been rising so rapidly in the 22079 zip code is because there are a lot of new homes being built here. According to Realtor Magazine’s 2018 report on new construction activity across the country, Lorton ranks #1 out of all 22079 zip codes for new single-family construction permits issued during 2017! This indicates that there is strong demand for housing in this area and that developers are responding by building more homes.

However, not everyone benefits from these rising home values – particularly those who don’t own a home or who can’t afford to buy one outright. Many people who live in the 22079 zip code rent instead, which puts them at risk if prices continue to rise and they can no longer afford their rent payments. Additionally, those who do own their homes may find that their equity has decreased due to recent market fluctuations or other factors outside their control (like inflation).