22305, Alexandria, VA

The 22305 zip code of Alexandria, VA has a population of around 116,000 people. The median household income in this zip code is around $92,000. This means that the home equity and home prices in this area are relatively high.

The average home value in the 22305 zip code is around $269,000. This means that the homeowners in this area have a lot of equity in their homes. In fact, according to Zillow, the average homeowner in this zip code has over $140,000 worth of equity in their home.

This high level of equity is likely due to the fact that the area has a low unemployment rate and a strong economy. Additionally, there are many families who own their homes outright rather than using mortgages or other forms of financing. This means that there is more money available to buy homes and invest in them than there would be if more homeowners were using debt financing to buy their homes.

Overall, it appears that the homeownership rate and home values in the 22305 zip code are both very high relative to other areas of Virginia. This may make it an attractive place for people looking to buy or invest in homes