24064, Blue Ridge, VA

The 24064 zip code of Blue Ridge, VA is located in the Shenandoah Valley and has a population of around 10,000. The median household income in this zip code is $86,500 and the median home value is $224,000. The 24064 zip code has a homeownership rate of 73% and a vacancy rate of 3%.

Home equity in the 24064 zip code has been growing at a rapid pace over the past few years. In 2012, the home equity in this zip code was just over $130,000. By 2016, that number had grown to over $236,000. This growth can be attributed to several factors:

1) The low interest rates available on mortgages have helped to increase home values.

2) The increasing demand for housing in the Blue Ridge area has led to more people buying homes and putting more money into their homes' equity.

3) Many people who are buying homes in the 24064 zip code are doing so with cash instead of using traditional financing methods like mortgages or credit cards which can also help to increase home values.