26181, Washington, WV

Home Equity and Home Prices in the 26181 Zip Code of Washington, WV

The 26181 zip code of Washington, WV has a median home value of $151,000. This is significantly lower than the national median home value of $177,500. The 26181 zip code also has a low rate of home equity ownership at just 36%. This is significantly lower than the national rate of 63%. There are several reasons for this discrepancy. One reason may be that the cost of living in Washington, WV is higher than the national average. Another reason may be that fewer people in the 26181 zip code have access to equity-building loans or other forms of financing that could help them increase their home equity.

Despite these disparities, there are still some homeowners in the 26181 zip code who are benefiting from rising home prices. For example, someone who bought their home in 2006 would now have a worth almost twice as much as someone who bought their home in 1994! Rising prices can also benefit those who are already homeowners by increasing their net worth. Overall, while there are many homeowners in the 26181 zip code who are not benefiting from rising home prices, there are also many homeowners who are seeing positive effects from increased values.