24102, Henry, VA

The 24102 zip code of Henry, VA has a median home value of $128,000 and a median home equity of $111,000. The Henry area has seen an increase in home values over the past five years, with the median value increasing by 16%. This is likely due to the strong economy and low interest rates.

There are a number of factors that can affect home prices. In general, increased demand and decreased supply are two primary drivers. When there is increased demand for homes, prices will go up. Conversely, when there is decreased demand for homes (due to a recession or other reasons), prices will go down. Additionally, changes in interest rates can also have an impact on home values. When interest rates are low, it becomes more affordable to borrow money to buy a home and therefore prices may go down. Conversely, when interest rates are high, it becomes more expensive to borrow money and therefore prices may go up.

Overall, the 24102 zip code of Henry appears to be experiencing healthy housing market conditions with steady growth in both home values and equity levels over the past few years.