24528, Brookneal, VA

The 24528 zip code of Brookneal, VA has a median home value of $183,000. This is lower than the national median home value of $217,500. The Brookneal zip code also has a lower than average percentage of homeownership at just 62%. This is higher than the national homeownership rate of 54%.

One reason that the Brookneal zip code has a lower median home value may be due to its low percentage of homeownership. Homeowners in this zip code are more likely to rent their homes rather than own them outright. Additionally, the availability of affordable housing may also be an issue in this area. There are not many options for people who want to buy a home in this area and there are a limited number of homes that are available for sale.

Despite these factors, there is still demand for homes in the 24528 zip code and prices have increased over time. The average price increase over the past five years has been 9%. This indicates that there is still strong demand for homes in this area and that buyers are willing to pay more for properties here.