22601, Winchester, VA

The Winchester zip code 22601 has a population of around 36,000 people and an average home value of $236,000. Home equity in this zip code is relatively high compared to other areas of the country. In fact, according to Zillow, the median home value in this zip code is more than twice the national median home value. This high level of equity may be due in part to Winchester's relative affordability and its strong economy.

Another factor that may contribute to the high level of home equity in this zip code is the low rate of foreclosure activity in Winchester. According to RealtyTrac, only 0.5% of homes in this zip code were foreclosed on between January 1st and March 31st 2017. This low foreclosure rate may be due in part to Winchester's strong economy and its stable housing market.

Despite these factors, there are still some risks associated with owning a home in 22601. For example, if interest rates rise or the economy weakens, homeowners could find themselves struggling to pay their mortgages or taxes on their homes. Additionally, if someone wants to sell their home but does not have enough equity built up in it, they may have difficulty finding a buyer who is willing to pay what they are asking for it.