26582, Mannington, WV

Home equity and home prices are two important factors to consider when evaluating a property. Home equity is the value of a home minus the outstanding debt on it. Home prices are the amount that a property can be sold for, based on current market conditions.

According to The National Association of Realtors®, as of March 2016, the median home price in Mannington was $128,000. This means that there is a wide range of home prices in this zip code. The lowest priced homes were selling for $75,000 while the highest priced homes were selling for $235,000. This indicates that there is plenty of opportunity for buyers in Mannington to find a property that fits their budget.

One reason why home prices have been increasing in Mannington is because there has been an increase in demand for housing units. According to The National Association of Realtors®, as of March 2016, the number of homes being sold was above average compared to previous years. This indicates that there are many potential buyers out there who are interested in purchasing properties in this zip code.

Another factor that has contributed to increased home values in Mannington is low interest rates. As of March 2016, interest rates were at historic lows which has made it more affordable for people to borrow money and purchase properties. Low interest rates also make it easier for people to pay off their mortgages faster which leads to increased home values over time.