24601, Amonate, VA

The 24601 zip code of Amonate, VA has a median home value of $146,000. This is a decrease from the previous year when the median home value was $157,000. The decrease in home values can be attributed to a number of factors such as low interest rates and increased demand for housing in other areas.

Despite the decrease in home values, there are still many homeowners in the 24601 zip code who are benefiting from their equity in their homes. Home equity is important because it allows homeowners to use their homes as collateral for loans or to borrow money against their homes. In addition, homeowners can use their home equity to purchase other assets such as cars or boats.

Home prices have been on the decline for several years now and it is likely that they will continue to decline over time. However, despite the decreasing prices, there are still many homeowners who are benefiting from their equity in their homes.