23666, Hampton, VA

The 23666 zip code of Hampton, VA has a population of around 27,000 people and is located in the Eastern Shore region of Virginia. The median home value in this zip code is $183,000 which is significantly higher than the national median home value of $157,500. The average home equity in this zip code is $128,000 which is also significantly higher than the national average home equity of $73,200.

There are a number of factors that contribute to the high home values in this zip code including its proximity to major cities such as Richmond and Norfolk, its strong economy, and its low unemployment rate. Additionally, Hampton has a high percentage of owner-occupied homes which contributes to the high home values.

Despite these positive factors, there are some challenges that face homeowners in this zip code. One issue is that there are a limited number of available homes for sale which can lead to increased prices and slower growth rates for the housing market. Additionally, there has been an increase in interest rates over recent years which could impact homeowners' ability to pay off their mortgages or access additional funds for repairs or upgrades on their homes.