22405, Fredericksburg, VA

The 22405 zip code of Fredericksburg, VA has a median home value of $214,000 and a median home equity value of $146,000. The 22405 zip code is located in the Shenandoah Valley region of Virginia and has a population of approximately 21,000.

There has been an increase in home values in the 22405 zip code over the past five years. In 2012, the median home value was $195,000 and the median home equity value was $131,000. In 2016, the median home value was $214,000 and the median home equity value was $146,000. This indicates that there has been an increase in both homes values and equity within this zip code since 2012.

One factor that may have contributed to this increase in home values is that there is a limited supply of homes available for purchase within this zip code. Additionally, Fredericksburg is a growing city with many new residents who are likely interested in purchasing homes within this area. As more people move into this area and demand increases for housing units, prices are likely to rise accordingly.

Despite these positive trends affecting home values within the 22405 zip code over recent years, there are still some areas where prices are lower than average. For example, homes located near busy roads or commercial areas may have higher prices than those located closer to residential areas or nature reserves. Additionally, some properties may be less desirable due to age or lack of updates/updates required for optimal living conditions (such as updated kitchens or bathrooms).