26812, Mathias, WV

Mathias, WV is located in the southwestern part of the state and has a population of just over 2,000. The 26812 zip code covers just over 1 square mile and has a median home value of $101,000. Home equity in this zip code is relatively low compared to other parts of the state. Just under half (47%) of homes in this zip code have equity values that are greater than their original purchase prices. This compares to 59% of homes statewide and 71% of homes in the metropolitan area surrounding Mathias.

There are several factors that may be contributing to the lower home equity levels in Mathias. First, there is a high rate of homeownership (81%), which may lead to more stable prices overall since there is less speculation involved. Additionally, the average age of homes in this zip code is relatively young (just over 30 years old), which may indicate that many homeowners are still building up their equity levels. Finally, Mathias experiences a high level of unemployment relative to other parts of West Virginia (5%). This could lead to fewer people able or willing to invest in property and thus lower home values overall.