23430, Smithfield, VA

The 23430 zip code of Smithfield, VA is located in the Shenandoah Valley and has a population of approximately 25,000. Home prices in this zip code have increased by an average of 10% over the past five years. The median home value in this zip code is $158,500.

Home equity is important to many homeowners because it provides them with a cushion against unexpected expenses or declines in their income. Home equity can also be used to finance other investments, such as purchasing a new home or investing in stocks or bonds.

There are several factors that contribute to the increase in home prices in Smithfield, VA. One reason is that the area has experienced strong economic growth over the past few years. Additionally, there is limited supply of homes available for sale which has led to increased demand from buyers.

While home prices are increasing rapidly in Smithfield, VA, there are some areas where prices are not as high as others. For example, homes near major highways and commercial areas tend to be more expensive than those located closer to residential neighborhoods.