24551, Forest, VA

Forest, VA is located in the 24551 zip code. The median home value in this zip code is $151,000. Forest has a population of just over 2,000 people. The average household size in Forest is 2.5 people.

The average home equity in Forest is $101,000. This means that the typical homeowner in Forest has $101,000 worth of equity in their home. Home prices have been on the rise for the past few years and are expected to continue doing so for the foreseeable future. In fact, according to Zillow’s 2018 Home Value Index report, Forest ranks as one of the top 10 zip codes nationwide with the highest projected growth rates over the next five years!

There are a number of reasons why home prices are rising in Forest:

-The local economy continues to grow steadily

-There is low unemployment and strong job market prospects

-Rising rents and inflation have made buying a home more expensive than ever before

-Many homeowners are able to tap into HELOCs (home equity loans) or other types of financing to help them buy their homes