23065, Gum Spring, VA

The 23065 zip code of Gum Spring, VA has a population of approximately 2,000 people. The median household income in this zip code is $86,000 and the median home value is $225,000. The average home price in this zip code has increased by 9% over the past year.

The main reason for the increase in home prices in this zip code is likely due to the strong economy and low interest rates. Additionally, there are a number of new homes being built in this area which also contributes to the increase in prices. There are also a number of families who have been able to refinance their homes which has helped to increase their equity levels.

Despite the strong market conditions, there are still some areas of concern for home buyers in this area. One issue that could impact home values is if there were any major changes to zoning laws or regulations that would make it more difficult for homeowners to sell their homes. Another potential issue is if there were any large scale natural disasters that affected the area such as an earthquake or hurricane.