22514, Milford, VA

The 22514 zip code of Milford, VA has a median home value of $146,000 and a median home equity value of $141,000. These values are higher than the statewide median home value of $130,800 and the national median home equity value of $142,200. The 22514 zip code is also above the regional median home value of $128,500.

The 22514 zip code has a lower than average percentage of homeowners with negative equity (less than 20% compared to 33% for the region). This indicates that many homeowners in this zip code have enough equity in their homes to cover any potential debt obligations. Additionally, the percentage of homeowners with no mortgage at all is lower than the regional average (5% compared to 11%). This indicates that many homeowners in this zip code are able to borrow money against their homes without having to worry about having too much negative equity.

Overall, it appears that homeowners in the 22514 zip code are doing well financially. They have more equity in their homes than most other areas and they are less likely to be burdened by debt obligations.