23138, Port Haywood, VA

The 23138 zip code of Port Haywood, VA is located in the southeastern part of the state and has a population of just over 10,000. The median household income in this zip code is just over $60,000, which is significantly higher than the statewide median household income of just over $50,000. In addition, the home equity and home prices in this zip code are both significantly higher than the statewide average.

As of September 2017, the median home value in this zip code was $269,500. This is more than double the statewide median home value of $120,000 and more than triple the national median home value of $177,500. Additionally, as of September 2017 there were 1,813 homes for sale in this zip code and 553 homes were listed for sale at an asking price. These figures indicate that there is a high demand for housing in this zip code and that homeownership rates are high.

One reason why homeownership rates are high in this zip code is because there are a lot of affordable homes available. The average list price for a home in this zip code is just under $200K which makes it affordable for many people. Additionally, there are a lot of low-cost lenders available to borrowers who want to purchase a home here. For example, Quicken Loans offers mortgages with interest rates as low as 3%. This means that even if you have poor credit history or no credit history at all you can still get a mortgage here if you meet certain qualifications.

Overall, it appears that homeownership rates and home equity values are high in the 23138 zip code because there are many affordable homes available and low-cost lenders who offer loans with low interest rates.