24540, Danville, VA

The 24540 zip code of Danville, VA has a median home value of $176,000 and a median home equity value of $119,000. The average home price in this zip code has increased by 10.5% over the past year. In addition, the average home equity loan amount in this zip code is $128,500 which is significantly higher than the national average of $69,500. This indicates that there is a high demand for housing in this area and that people are willing to invest in homes.

There are many factors that contribute to the increase in home prices in Danville. One reason is that the population growth rate in this area is above the national average. Additionally, there is a high demand for housing due to the strong economy and low unemployment rates. Furthermore, many people who live in Danville own their homes which contributes to increased values because homeownership provides stability and security during tough economic times.