24101, Hardy, VA

The 24101 zip code of Hardy, VA has a median home value of $154,900 and a median home equity value of $118,000. Hardy is located in the Shenandoah Valley region of Virginia and has a population of about 10,000. The 24101 zip code is one of the most affordable zip codes in Virginia and has seen steady growth in home values over the past few years.

The main drivers of home equity growth in the 24101 zip code are strong job growth and low interest rates. The unemployment rate in Hardy is below 4%, which is much lower than the national average unemployment rate. Additionally, there are many new businesses opening up in Hardy which are driving demand for housing. In addition to job growth, low interest rates have also contributed to increased home equity values in the 24101 zip code. Interest rates have been relatively low for many years now and this has helped to increase homeownership rates and home equity values across the country.

Despite these positive trends, there are some risks that could impact home values in the 24101 zip code over time. One potential risk is if there is a sudden increase in interest rates which could make it more difficult for people to afford their homes. Another potential risk is if there are any major changes made to local laws or regulations that could impact housing prices orhome equity values. However, overall it appears that home values will continue to grow steadilyin the 24101 zip code over time as long as there are no major economic or regulatory shocks