25523, Hamlin, WV

The 25523 zip code of Hamlin, WV is located in the Eastern Panhandle of West Virginia. The population of this zip code was 8,547 as of the 2010 census. The median household income in this zip code was $40,902 as of 2010. The home equity and home prices in this zip code are interesting topics to discuss.

The average home value in Hamlin, WV was $130,000 as of April 1st, 2016 according to Zillow. This is a decrease from the average home value of $142,500 recorded during the same time period last year. However, it is still above the national average for home values at $127,200. Home equity in Hamlin has decreased by 5% since last year but it is still above the national average for home equity at 41%.

There are a few factors that could be contributing to these fluctuations in Hamlin's housing market including:

-Low interest rates: Since 2015 there have been low interest rates which may be enticing some buyers into purchasing homes sooner rather than later

-A slowdown in the local economy: There has been a slowdown in the local economy over recent years which could lead to fewer people buying or selling homes

-Lackluster job growth: While job growth has increased nationally over recent years it hasn't been as strong here in Hamlin which could lead to fewer people being able to afford a house or increase their mortgage payments

-Price appreciation potential: While there is no guarantee that prices will continue to rise (or even stay relatively stable), if they do then homeownership opportunities may become more available for those who are interested