24521, Amherst, VA

Home Equity and Home Prices in the 24521 Zip Code of Amherst, VA

The 24521 zip code of Amherst, VA has a median home value of $194,000. This is a decrease from the median home value of $217,000 in 2016. The decrease in home values may be due to the current market conditions or it could be that there are fewer homes for sale in this zip code. In any case, it is important to keep in mind that home values can change quickly and there is no guarantee that they will stay at their current level.

In terms of home equity, homeowners in the 24521 zip code have an average equity balance of $101,000. This means that on average homeowners have about 71% of their original purchase price left as equity. This number can vary significantly depending on the age and condition of the home as well as other factors such as whether or not any debt is attached to the property. It should also be noted that while homeowners' equity levels are an important factor when considering purchasing a new home or refinancing an existing one, they are not always indicative of whether or not a homeowner will be able to sell their home quickly or for what price they might receive.