24134, Pearisburg, VA

In the 24134 zip code of Pearisburg, VA, home equity and home prices are both high. According to Zillow, the median home value in this zip code is $209,900. This is a significant increase from the median home value of $145,000 that was recorded in 2007. In addition, the percentage of homes that are worth more than their original purchase price has also increased significantly. As of 2016, 68% of homes in this zip code were worth more than their original purchase price. This is much higher than the national average of 54%.

One reason for this high level of home equity and home prices in the 24134 zip code is that Pearisburg has a strong economy. The unemployment rate here is only 3%, which is lower than the national average unemployment rate of 4%. Additionally, Pearisburg has a relatively low poverty rate (10%) compared to other parts of Virginia (14%). These factors have led to an influx of affluent residents into this area over the past few years.

Another reason for the high level of home equity and home prices in the 24134 zip code is that there are a lot of wealthy people living here. As mentioned earlier, 68%of homes in this zip code are worth more than their original purchase price. This means that there are a lot of people who can afford to buy homes here even if they do not have any money down. In addition, many people who live in this area own multiple properties – either as primary residences or as investment properties – which also contributes to high levels of home equity and home prices here.

Overall, it seems clear that there are a lot reasons whyhome equity andhome pricesinthe 24134zipcodeof Pearisburgarehighandstable。Thestrongeconomyandlowpovertyrateherealongwithahighlevelofwealthyresidentshasresultedinanuptickinthepriceofthesalesthroughoutthearea。However,itistobemuchmorecomplicatedthanthattoexplainwhyhomesinthiszipcodeareworthmorethantheiroriginalpurchaseprice。Someofthefactorsincludetheinfluxofaffluentresidentsintoaparticularareaandthe tendencyforpeopletobuymultiplepropertiesinthespaceofthesingleincome。