23303, Atlantic, VA

Atlantic, VA is located in the Eastern Shore region of Virginia. The zip code 23303 has a population of approximately 30,000 people. Atlantic has a median household income of $72,000 and a median home value of $224,500.

The average home price in the 23303 zip code increased by 5% from 2016 to 2017. This is significantly higher than the national average increase of 2%. The main driver of this increase was the increasing demand for homes in coastal areas due to rising prices and limited supply.

Atlantic’s home equity has also seen significant growth over the past few years. In 2016, Atlantic’s home equity was valued at $146,500. By 2017, this had increased to $162,500 – an increase of 14%. Atlantic’s home equity is now above the national average and continues to grow at a faster rate than most other areas in Virginia.

There are several factors that have contributed to Atlantic’s high home values and strong home equity growth:

-The area has seen steady population growth over the past few years

-There is limited inventory available for purchase which drives up prices

-The area is located close to major metropolitan areas such as Washington D.C., Baltimore and Richmond which attracts a high level of investment and demand for housing