22427, Bowling Green, VA

The 22427 zip code of Bowling Green, VA has a median home value of $153,000. This is lower than the national median home value of $177,500. The 22427 zip code also has a lower than average home equity percentage of 58%. This means that there are more homes in this zip code with negative equity (less than the market value of the home) than homes with positive equity (more than the market value of the home).

This low level of equity may be due to a number of factors. First, many homeowners in this zip code may have taken out high-interest loans to purchase their homes. Second, many homeowners in this zip code may have chosen to use their homes as collateral for other loans - which could lead to decreased value if those other loans are not repaid. Finally, many homeowners in this zip code may be underwater on their mortgages and unable to afford to make any significant changes that would increase their home's market value.