23875, Prince George, VA

Prince George, VA is located in the Northern Virginia region and has a population of around 49,000. The zip code 23875 has a median home value of $211,000 and a median household income of $86,500. Prince George is a relatively affluent area with a high percentage of households earning over $100,000 annually.

The average home value in the zip code increased by 5% from 2016 to 2017. This was largely due to an increase in prices in the luxury segment (over 10%), while values in the lower end of the market remained relatively stable. The average price per square foot was also higher than the national average, indicating that there is strong demand for homes within this area.

While prices have been increasing steadily over the past few years, there are still some areas within Prince George that are affordable for families looking to purchase their first home or invest in property. In fact, according to Zillow’s recent report on “The State of Housing 2018”, Prince George ranks as one of the most affordable markets in Virginia when compared to other large cities across America (Zillow). Additionally, despite seeing steady growth over recent years, Prince George still has a low rate of homeownership – which could indicate that there is room for further appreciation in this market.