23192, Montpelier, VA

The 23192 zip code of Montpelier, VA has a median home value of $127,000 and a median home equity value of $104,000. These values are significantly lower than the national median home value of $217,500 and median home equity value of $165,000. This is likely due to the fact that the majority of homes in this zip code are owned by individuals or couples who are in their early-to-mid 30s. Additionally, many homes in this zip code were built before 2000 and may not be in as good condition as newer homes.

Despite these factors, there is still potential for homeowners in the 23192 zip code to achieve significant gains over time if they can find the right property and make necessary repairs/updates. Over the past five years (2012-2017), the average annual gain for properties within this zip code was 7%. Given that inflation typically averages around 2% per year, this means that homeowners could potentially see their home equity values increase by an additional 7% over time if they stay on top of their maintenance responsibilities.