23438, Suffolk, VA

The 23438 zip code of Suffolk, VA has a population of around 73,000 people. The median household income in this zip code is $94,000, and the median home value is $225,000. This means that the home equity and home prices in this zip code are both very high.

One reason that the home equity and home prices in this zip code are high is because there are a lot of wealthy people living in this area. There are also a lot of affluent families who own homes here. This means that there is a lot of demand for homes in this area, and so the prices have gone up accordingly.

Another reason why the home equity and home prices in this zip code are high is because there is a lot of demand for housing here. There are many people who want to live in Suffolk, VA, but they can't because there aren't enough homes available for them to buy or rent. So instead they have to buy or rent homes outside of Suffolk, which drives up the prices even more.

Overall then, it can be said that the home equity and home prices in the 23438 zip code of Suffolk, VA are very high due to several factors: there is a lot of demand for housing here; there are many wealthy people living in this area; and there is a lot of demand for housing outside of Suffolk.