23836, Chester, VA

The 23836 zip code of Chester, VA has a median home value of $161,200 and a median home equity value of $119,000. These values are significantly higher than the national median home value of $177,500 and the national median home equity value of $130,000. The 23836 zip code is also among the top 10% wealthiest zip codes in the United States.

One reason for this high level of wealth is likely due to the strong economy in Chester, VA. The unemployment rate in Chester is 3%, below the national average of 4%. Additionally, wages in Chester are above average for both urban and rural areas nationwide. This combination likely contributes to high levels of home equity and home prices in the 23836 zip code.

Despite these positive factors, there are some potential risks that could impact housing prices in the 23836 zip code. For example, if interest rates increase or if there is a significant decrease in demand for homes within this area, prices could decline. Additionally, although there are few foreclosures or short sales within this zip code, there may be future issues that could lead to increased levels of foreclosure activity or decreased property values.