23959, Phenix, VA

The 23959 zip code of Phenix, VA has a median home value of $128,000 and a median home equity value of $101,000. These values are lower than the statewide median home value of $217,500 and statewide median home equity value of $130,000. The 23959 zip code also has a lower percentage of homes with a mortgage than the statewide percentage of homes with a mortgage at 31%. This indicates that more homeowners in the 23959 zip code are using their home equity to borrow money against their property instead of using it as collateral for a loan.

The 23959 zip code is located in Giles County which is one of the poorest counties in Virginia. The unemployment rate in Giles County is above the statewide unemployment rate at 10%. This indicates that there are many unemployed residents in the 23959 zip code who may be unable to afford to buy or maintain a home. Additionally, Giles County has one of the highest percentages of residents living below poverty line at 27%. This indicates that many residents in the 23959 zip code are struggling financially and may not be able to afford to purchase or maintain a home.