23112, Midlothian, VA

The 23112 zip code of Midlothian, VA has a median home value of $183,000. This is significantly lower than the median home value in the United States, which is currently $217,500. The 23112 zip code also has a low homeownership rate of just 38%. This is significantly lower than the homeownership rate in the United States, which is currently 62%.

One reason that the home values in the 23112 zip code are so low is that there are a lot of homes that are not occupied. There are also a lot of homes that have been foreclosed on or are in foreclosure proceedings. These homes tend to have lower home values because they are not in good condition and there is no chance that they will be sold again.

Another reason why the home values in the 23112 zip code are so low is because there is a lack of jobs in this area. Many people who live in this area have to commute to jobs outside of Midlothian, VA. Because there are few jobs available here, people do not want to buy or invest in homes here. This means that there are a lot of vacant homes and low-priced homes available for sale.