26184, Waverly, WV

Home Equity and Home Prices in the 26184 Zip Code of Waverly, West Virginia

The 26184 zip code of Waverly, West Virginia has a median home value of $128,000. This is higher than the statewide median home value of $119,500. The 26184 zip code also has a higher percentage of homes with equity (over 50%) than the statewide average (over 40%). This indicates that more homes in this zip code are owned outright or have significant equity compared to other areas in West Virginia.

There are several factors that could contribute to these high home values and high equity rates in the 26184 zip code. First, the area is affluent and has a high rate of homeownership. Second, there is a low rate of foreclosure activity in this area which keeps prices high and allows for more stability in property values. Third, there is limited competition for homes due to its exclusivity. Finally, the local economy is strong which supports increased demand for housing stock.

Overall, these findings suggest that homeownership and equity are important considerations for those looking to buy or sell a home in the 26184 zip code. Those who are interested should research their specific neighborhood carefully to determine if it meets their needs and expectations.