22722, Haywood, VA

Haywood, VA is located in the Appalachian Mountains and has a population of just over 10,000. The median household income is just over $50,000 and the median home value is just over $200,000. There are a total of 1,822 homes in the zip code and according to Zillow, the average home value in this zip code has increased by almost 20% since 2013.

One of the reasons that home values have been increasing so rapidly in Haywood is because there are a lot of new homes being built in this area. According to Builder Magazine, Haywood was one of the fastest-growing counties in Virginia from 2010 to 2016. This growth has led to an increase in demand for housing and consequently an increase in home equity and home prices.

Another reason why home values have been increasing so rapidly in Haywood is because there are a lot of people who want to live here. According to Movoto Real Estate, Haywood ranks as one of the most desirable places to live in Virginia. This high demand for housing has led to an increase in house prices even if there isn't an corresponding increase in available inventory.

However, despite these positive factors, there are also some risks associated with buying or owning a home in Haywood. For example, although it's growing quickly, Haywood still has a relatively low population density which could make it difficult for residents to find good jobs or schools nearby. Additionally, although house prices have been increasing rapidly lately, they may not continue doing so indefinitely – especially if interest rates start rising again (which they have done recently).