24445, Hot Springs, VA

The 24445 zip code of Hot Springs, VA has a median home value of $269,000. The home equity in this zip code is $128,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 9% over the past year.

This increase in home prices is likely due to a number of factors. First and foremost, Hot Springs is an affluent area with a high population density. This means that there are a lot of homes for sale and buyers have more options when it comes to finding a property that meets their needs. Secondly, Hot Springs has seen strong job growth over the past year which has led to an increase in household income. Finally, interest rates have remained low which has helped to boost the value of homes overall.

While these factors are certainly contributing to the current trend in home prices in the 24445 zip code, it's important to keep in mind that they aren't guaranteed to continue indefinitely. If you're interested in buying or selling a property in this area, it's important to consult with an experienced real estate agent who can help you assess your specific situation and make sure you're getting the best possible deal on your behalf.