23947, Keysville, VA

The 23947 zip code of Keysville, VA is located in the southwestern part of the state and includes a population of just over 10,000 people. The median home value in this zip code is $135,000 and the median household income is just over $60,000. The homeownership rate in this zip code is just under 80%, which is lower than the statewide homeownership rate of nearly 85%.

There are a number of factors that may contribute to the low homeownership rate in this zip code. One reason may be that many residents here are likely retired or have children who are not able to live independently yet. Additionally, many people here may not be able to afford a home on their own due to high mortgage rates or other financial constraints.

Despite these challenges, there are some indications that home prices in this zip code are beginning to recover from their lows. For example, the average sale price for homes in this zip code has increased by almost 20% since 2016. Additionally, there has been an increase in new housing construction activity in this area over the past few years which could lead to further increases in home values.