23451, Virginia Beach, VA

The 23451 zip code of Virginia Beach, VA has a population of over 267,000 people and a median household income of over $85,000. The average home value in this zip code is over $269,000. Home equity in this zip code is very high compared to other areas of the country. In fact, the average home equity in the United States is just over $100,000. This high level of home equity can be attributed to several factors including low interest rates and strong economic conditions.

One important factor that affects home values is the availability of inventory. In recent years there has been an increasing demand for homes in the 23451 zip code due to strong economic conditions and low interest rates. This increased demand has caused prices to rise faster than usual and has created a shortage of available homes for sale. As a result, home sellers have had to offer higher prices than they would have if there were more available homes on the market.

Another important factor that affects home values is location. The 23451 zip code is located in one of the most desirable areas of Virginia Beach and has access to many amenities including schools, shopping centers, and parks. This makes it an attractive place to live and buy a home. Additionally, the area surrounding this zip code has seen rapid growth in recent years which will only continue to increase demand for homes here in the future.