24534, Clover, VA

The 24534 zip code of Clover, VA is located in the Shenandoah Valley and has a population of approximately 9,000. The median home value in this zip code is $136,000 and the median household income is $60,000. Approximately 60% of households in this zip code are owner-occupied while 40% are occupied by renters. Home equity in this zip code has increased by an average of 5.5% annually over the past five years. In addition, home prices have increased by an average of 7.4% annually over the past twelve months.

There are a number of factors that contribute to the increase in home equity and home prices in this zip code. First, Clover is a growing community with new homes being built at a rapid pace. Second, there is strong demand for housing due to its proximity to major metropolitan areas such as Washington D.C., Richmond and Charlottesville as well as excellent schools and recreational opportunities nearby. Finally, many homeowners have taken advantage of low interest rates to refinance their homes multiple times over the past few years which has helped to boost their equity levels even further."