22960, Orange, VA

The 22960 zip code of Orange, VA has a median home value of $181,000 and a median home equity value of $141,000. These values are lower than the statewide median home value of $225,800 and statewide median home equity value of $169,200. The 22960 zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is higher than the statewide percentage of homeowners with mortgages at 62%.

There are several factors that may contribute to the lower home values in the 22960 zip code. One reason may be that this area is not as affluent as other parts of Virginia. Another reason may be that there are fewer homes for sale in this zip code compared to other areas in Virginia. Finally, it is possible that some homeowners have taken out low-interest loans to buy their homes and have not been able to refinance or sell their homes for more than they paid for them.