25206, Van, WV

Van, WV is located in the Eastern Panhandle of West Virginia. The 25206 zip code covers an area of about 5 square miles. According to the 2010 census, the population of Van was 2,811. The median household income was $39,906 and the median family income was $47,542. Home prices in Van have increased significantly over the past few years. In January of this year, the median home price was $130,000. As of September 2016, the median home price had increased to $158,500.

The primary drivers of home prices in Van appear to be interest rates and supply and demand. Over time, interest rates have decreased while demand for homes has continued to increase due to strong economic growth and low unemployment rates. Additionally, there has been a limited number of new homes being built in Van which has driven up prices for existing homes.

While there are some concerns that rising home prices could lead to a housing bubble in Van or elsewhere across the country, so far there does not appear to be any evidence that this is happening in Van or elsewhere in West Virginia. In fact, according to Zillow’s recent report on national housing trends , West Virginia continues to rank as one of the most affordable states for homeownership . This suggests that despite increasing home prices overall, most people who live in Van are still able to purchase a home at a reasonable cost