23005, Ashland, VA

The 23005 zip code of Ashland, VA is located in the Shenandoah Valley and has a population of about 25,000. The median home value in this zip code is $191,200 and the median household income is $87,500. About one-third of the households in this zip code own their homes outright and another third are homeowners with a mortgage. The remaining third are renters.

There has been a steady increase in home values over the past few years in this zip code. The average home value increased by 8% from 2013 to 2016 and by 10% from 2015 to 2016. This increase is likely due to increasing demand for housing stock as well as low interest rates that have made it more affordable to buy a home than rent one.

Home prices vary significantly based on location within this zip code. The most expensive homes are located near the city center while the cheapest homes are found near the edge of town. In general, homes in wealthier neighborhoods tend to be worth more than those in poorer neighborhoods. However, there is some variation within each neighborhood – for example, some neighborhoods have more expensive homes than others but they also have a higher percentage of luxury homes.