24651, Tazewell, VA

The 24651 zip code of Tazewell, VA is home to a population of around 11,000 people. The median household income in this zip code is around $48,000, which is significantly lower than the national median household income of $59,000. The homeownership rate in this zip code is just over 60%, which is slightly higher than the national homeownership rate of 57%. However, the percentage of homes that are valued at less than their mortgages is significantly higher in this zip code than the national average. This suggests that there may be some underlying issues with the economy and housing market in this area that need to be addressed.

One potential issue that could be affecting home prices and home equity in this area is the fact that there are a lot of vacant homes in the 24651 zip code. This could lead to increased competition for available homes and decreased values for those homes that do sell. Additionally, there has been an increase in foreclosures and short sales in recent years, which could also have a negative impact on home prices and home equity.

Despite these potential issues, it appears that overall home prices and home equity values have remained relatively stable over the past few years. This suggests that there may not be any major underlying problems with either the economy or housing market in this area at present. However, it will be important to watch these trends closely as they may change over time if any significant problems do develop