23662, Poquoson, VA

The Poquoson zip code of 23662 has a population of just over 27,000 people. The median household income in the zip code is just over $75,000, and the median home value is just over $225,000. This means that the home equity in this zip code is very high. In fact, according to Zillow’s Home Value Index, the home equity in this zip code is more than three times as high as the national average.

One reason for this high level of home equity in Poquoson is likely the strong economy that Virginia has experienced over the past few years. Jobs have been plentiful and wages have been rising, which has allowed many people to buy homes and increase their home equity levels. Additionally, Poquoson is located in a desirable area with plenty of amenities and opportunities nearby. This includes both large city centers like Norfolk and Portsmouth as well as smaller towns like Hampton Roads that are known for their beautiful beaches and pleasant lifestyles.

Despite these positive factors, there are some risks associated with having high levels of home equity. If interest rates rise or if the market for homes in Poquoson dries up suddenly, many homeowners could find themselves struggling to pay off their mortgages or lose all of their investment money altogether. It’s important for homeowners to be aware of these risks and make sure that they have a solid financial plan in place should they ever experience any problems with their home equity investments.