23456, Virginia Beach, VA

The 23456 zip code of Virginia Beach, VA is a coastal city located in southeastern Virginia. The population of the zip code was 114,811 as of the 2010 census. The median home value in the zip code was $269,000 as of September 30, 2012. Home equity is an important factor for homeowners and investors alike and can be used to finance other investments or to increase one's net worth.

Home equity can also be used to pay down debt or save for retirement. In general, when home prices rise faster than inflation, homeowners have more equity in their homes and are able to use that equity to improve their lives financially. Conversely, when home prices fall below inflation levels, homeowners may find that they have less equity in their homes and may need to take on additional debt or reduce spending elsewhere in order to maintain their standard of living.

There are a number of factors that can influence home prices in a given area including market demand (i.e., the amount of interest buyers are willing to pay for homes), availability (of properties), interest rates (which affect both borrowing costs and the rate at which homeowners can earn money from their home loans), government regulations (such as zoning laws), and local economic conditions (such as job growth).

Overall, it appears that home values in the 23456 zip code have been relatively stable over the past few years despite modest market growth overall across much of Virginia Beach County. This stability may be due in part to low levels of unemployment and strong population growth within this area – both factors which should support demand for housing units. On the other hand, recent increases in mortgage rates could make buying a house more expensive for some potential buyers – though this effect should only be significant if/when interest rates reach historically high levels (>5%).