24293, Wise, VA

The 24293 zip code of Wise, VA has a population of around 10,000 people. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is around 6% which is higher than the national unemployment rate of 5%.

The home equity and home prices in the 24293 zip code are lower than the national average. The average home value in this zip code is $158,500 which is lower than the national average home value of $205,800. The percentage of homes that are owner-occupied in this zip code is around 60% which is lower than the national percentage of owner-occupied homes at 70%. The percentage of homes that are renter-occupied in this zip code is around 40% which is higher than the national percentage of renter-occupied homes at 30%.

There are a number of factors that could be contributing to the low home equity and home prices in the 24293 zip code. One reason could be that there are a lot more renters living in this area compared to homeowners. Another reason could be that there are a lot more low-income households living in this area compared to high-income households. Finally, it's possible that there are fewer buyers available for homes in this area due to stricter lending criteria or other factors.