23079, Jamaica, VA

The 23079 zip code of Jamaica, VA has a median home value of $128,000 and a median home equity value of $92,000. This is significantly lower than the national median home value of $217,500 and the national median home equity value of $130,000. The 23079 zip code also has a significantly lower percentage of homeownership than the national percentage of homeownership at 63%.

One possible explanation for this discrepancy in home values may be that the population in the 23079 zip code is more diverse than the average population in America. The 23079 zip code includes a high percentage (27%) of residents who are foreign-born. This diversity may lead to different expectations for homeownership and housing prices among different groups of people. Additionally, many people in the 23079 zip code may be living in rental units rather than their own homes. This could lead to lower demand for homes and higher prices relative to other areas within Virginia.