23824, Blackstone, VA

The 23824 zip code of Blackstone, VA has a median home value of $211,000 and a median home equity value of $128,000. This is lower than the national median home value of $217,500 and the regional median home equity value of $137,600. The 23824 zip code has a lower than average percentage of homes with mortgages at 66%. This is higher than the regional percentage of homes with mortgages at 54% but lower than the national percentage of homes with mortgages at 74%. The 23824 zip code also has a higher percentage of homes with equity loans or lines of credit at 36%. This is lower than the regional percentage of homes with equity loans or lines of credit at 30% but higher than the national percentage of homes with equity loans or lines of credit at 28%.

There are several factors that could contribute to these differences in mortgage rates and home values in the 23824 zip code. One potential explanation is that Blackstone is an older community which may have more expensive housing due to its historical significance. Another possible explanation is that Blackstone residents may be more likely to have access to capital markets which allows them to borrow money for larger purchases. Finally, it could be that Blackstone residents are wealthier overall and therefore are able to afford larger down payments on their homes.