23030, Charles City, VA

The 23030 zip code of Charles City, VA is home to a population of approximately 10,000 people. The median household income in this zip code is $92,000, and the median home value is $227,500. The average mortgage rate in this zip code is 4.5%, and the average home equity loan rate is 5%.

There are a number of factors that contribute to the high prices and high home equity values in the 23030 zip code of Charles City, VA. First and foremost, this area has a high concentration of affluent residents who are able to afford expensive homes. Additionally, there are a number of well-maintained homes in this area that have been kept up over time. Finally, the market for homes in Charles City has remained strong over the past few years despite economic challenges elsewhere in the country.

Despite these positive factors, there are also some potential risks associated with buying or owning a home in the 23030 zip code of Charles City, VA. First and foremost, there is a risk that prices may decline over time due to economic conditions outside of Charles City or other factors unrelated to local housing markets. Additionally, there is always risk associated with mortgages and home equity loans – if either one becomes delinquent or if interest rates rise significantly (which they have recently done), homeowners could find themselves struggling financially.