25907, Prince, WV

Prince, WV is located in the 25907 zip code. According to the 2010 census, Prince has a population of 2,814. The median household income in Prince was $41,913. Home equity and home prices in Prince are important factors to consider when evaluating the overall economy of a community.

Prince has seen an increase in home equity and home prices over the past few years. In 2007, the median home value was $128,000. By 2011, this value had increased to $158,000. This trend continued into 2012 with a median home value of $166,000. This increase can be attributed to several factors:

-The availability of affordable housing: Prince is located within commuting distance of both Huntington and Charleston which have a large population of working professionals. These areas have been able to keep homes relatively affordable by limiting development and increasing demand through limited supply

-The low interest rates: Since 2007, interest rates have decreased significantly which has helped spur homeownership

-Strong economic conditions: The United States economy has been strong since the recession ended in 2009 and this has helped support housing values

-The growth of technology: Many people are now choosing to live closer to work due to advances in technology which allows for more efficient living patterns

-A healthy job market: Prince continues to experience strong job growth which leads to increased wages and increased spending power among residents