23919, Bracey, VA

Home Equity and Home Prices in the 23919 Zip Code of Bracey, VA

When people think about home equity, they often think about how much money they have saved on their mortgage. However, another important part of home equity is the value of the home itself. In many cases, homeowners can also use their home equity to borrow money against it or to invest in other assets.

According to Zillow, the median home value in the 23919 zip code of Bracey was $128,900 as of September 2017. This is a decrease from the previous year when the median home value was $135,000. However, despite this decrease, Bracey remains one of the more expensive zip codes in Virginia with a median price that is nearly double that of neighboring zip codes.

One reason for this high median price may be due to the fact that there are a limited number of homes available for sale in this area. Additionally, many homeowners in this area may be able to afford higher prices because they have access to significant amounts of equity in their homes.

Despite being one of Virginia’s more expensive zip codes, there are still opportunities for those looking to purchase or invest in a property within the 23919 zip code. For example, properties located near major highways and commercial areas may be more desirable than those located closer to residential neighborhoods. Additionally, properties located outside of urban areas may be less expensive than those located within city limits.