23055, Fork Union, VA

The 23055 zip code of Fork Union, VA has a median home value of $181,500 and a median home equity of $128,000. This means that the majority of homes in this zip code are worth more than their original purchase price, and have a significant amount of equity remaining.

Home prices in Fork Union have increased significantly over the past few years. In January 2016, the median home value was $162,500. By January 2017, this number had increased to $181,500. The trend seems to be continuing into 2018 as the latest data shows that the median home value is currently $194,000.

This increase in home values can be attributed to several factors. First and foremost is the strong economy – as more people are able to afford homes and invest in property values go up accordingly. Additionally, Fork Union has seen an influx of new residents over the past few years – many of whom are likely purchasing homes for investment purposes rather than for use as their primary residence. Finally, Fork Union is located in a desirable area – with plenty of amenities (including excellent schools) and low crime rates – which has helped drive up prices even further.