22630, Front Royal, VA

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Front Royal, VA, home equity averaged $191,000 in 2016. This means that homeowners in this zip code had more than 20% of their home's market value left over after they paid off their mortgages.

The average price of a home in Front Royal was $269,500 in 2016. This means that homeowners in this zip code earned an average of 5% on their home equity each year.

While there are some factors that can influence the value of a home, such as location and size, the level of equity held by Front Royal homeowners is largely determined by the rate at which they are paying off their mortgages. As long as homeowners are making regular payments on their mortgages and keeping up with property taxes and other associated costs, their homes will continue to appreciate at a rate above the local market rate.