24256, Haysi, VA

The 24256 zip code of Haysi, VA has a median home value of $101,000 and a median home equity value of $187,000. These values are significantly higher than the national median home value of $76,500 and median home equity value of $142,000. This indicates that the residents in this zip code are wealthier than the average American citizen.

One possible explanation for this wealth is the high concentration of professionals and affluent families in this zip code. The percentage of adults with at least a bachelor's degree is above the national average, and there are also a high number of businesses and corporations headquartered in this area. These factors could lead to increased income opportunities for residents and contribute to their overall wealth.

Another factor that may contribute to the high home values in this zip code is its low unemployment rate. The unemployment rate in Haysi was 2.5% as of May 2017, which is lower than the national unemployment rate of 3%. This low unemployment rate may attract talented professionals who want to live in an area with few job opportunities available elsewhere. Additionally, it may make it more difficult for potential buyers who cannot afford to purchase a house outright or who have difficulty qualifying for traditional loans due to their low income levels.