22312, Alexandria, VA

The 22312 zip code of Alexandria, VA has a median home value of $247,900 and a median home equity value of $128,700. This is higher than the national median home value of $217,500 and the regional median home equity value of $119,000. The 22312 zip code also has a lower than average homeownership rate of 62.5%. This is lower than the national homeownership rate of 68.1% and the regional homeownership rate of 69.4%.

There are several factors that may contribute to the high home values in the 22312 zip code. First, there is a high concentration of affluent households in this area. Second, there is a strong demand for housing due to an influx of new residents and businesses in Alexandria over the past few years. Third, there are relatively few available homes for sale in this area compared to other areas in Virginia or nationwide. Finally, local zoning laws may restrict development near some areas which could lead to increased demand for housing within those boundaries.