24216, Appalachia, VA

Appalachia, VA is located in the Shenandoah Valley and has a population of just over 10,000 people. The 24216 zip code has a median home value of $130,000 and a median household income of $50,000. The majority of homes in this zip code are owner-occupied.

The average home value in Appalachia has increased by almost 20% since 2007, when the average home value was $105,700. This increase can be attributed to several factors including an increase in demand for housing due to an influx of new residents and an increase in home prices across the country as a whole. In addition, the availability of affordable housing has also been increasing over time due to zoning changes that have allowed for more development near public transportation and other amenities.

Despite these positive trends, there are still some areas where the cost of living is higher than average. For example, the cost of groceries is about 30% higher than the national average while housing costs are about 25% higher than the national average. Additionally, while Appalachian VA's unemployment rate is lower than most other parts of Virginia (4%), it is still higher than the national average (3%). These high costs may be contributing factors to why Appalachian VA's homeownership rate is lower than most other parts of Virginia (60%).