22844, New Market, VA

The 22844 zip code of New Market, VA is located in Loudoun County and has a population of approximately 10,000. The median household income in this zip code is $85,000 and the median home value is $269,900. Home equity in this zip code has increased by 20% over the past year and home prices have increased by 9%.

One reason for the increase in home equity is that there are a number of new homes being built in this area. The average age of homes in this zip code is 26 years old which is younger than the national average. Additionally, there are a number of families who have been able to refinance their homes which has helped to increase their home equity.

Another reason for the increase in home values is that interest rates have remained low for a long period of time which has helped to stimulate the market. There are also a number of investors who are purchasing homes in this area because they believe that prices will continue to rise.