26136, Big Bend, WV

The 26136 zip code of Big Bend, WV is located in the Eastern Panhandle of West Virginia. The zip code has a population of just over 10,000 people and an average household income of just over $50,000. Home prices in the 26136 zip code have increased by an average of 9% over the past year, which is much faster than the national average increase of just under 4%. This suggests that there is strong demand for homes in this area and that buyers are willing to pay a higher price for a home than they would elsewhere in the country.

One reason for this strong demand may be the low unemployment rate in the 26136 zip code. The unemployment rate currently stands at 3%, which is lower than both the national average (4%) and the Eastern Panhandle regional average (5%). This indicates that there are plenty of jobs available in this area and that people are able to afford to buy a home. Additionally, many people who live in Big Bend commute to work outside of the local area, which may also contribute to high demand for homes here.

Despite these positive factors, there are some risks associated with buying a home in Big Bend. One risk is that interest rates could rise significantly over time and make it more difficult for buyers to afford their homes. Another risk is that house prices could fall significantly if there is a significant economic downturn or if there are any other problems with the local economy. However, given how fast house prices have been increasing recently it seems unlikely that either of these risks will materialize anytime soon.