23890, Waverly, VA

The 23890 zip code of Waverly, VA has a median home value of $239,900 and a median home equity value of $128,700. These values are significantly higher than the national median home value of $177,500 and the national median home equity value of $130,000. This indicates that the homes in the 23890 zip code are more valuable than average.

One possible explanation for this elevated home value is that Waverly is located in Northern Virginia. This affluent region has a high demand for housing and consequently a high demand for homes that are priced at or above the national average. Additionally, Waverly is within close proximity to many amenities and businesses, which may also contribute to its high home values.

Despite these positive factors, there are some potential risks associated with owning a home in the 23890 zip code. For example, if interest rates increase or if the economy weakens significantly, homeowners could experience significant losses in theirhome equity values. Additionally, if someone were to default on their mortgage in Waverly, they could cause significant damage to both their property and their credit rating.