25248, Kenna, WV

The 25248 zip code of Kenna, WV is located in the eastern panhandle of West Virginia. The population of Kenna was 1,827 as of the 2010 census. The median household income in Kenna was $41,912 in 2010. Home prices in Kenna were $107,500 as of May 2013.

Home equity is a key component of homeownership and home prices. Home equity is the difference between the market value of a home and the amount owed on its mortgage or other loan obligations. In Kenna, home equity averaged $29,000 as of May 2013. This means that homeowners in Kenna had an average net worth (the value of their homes minus their outstanding debt)of $69,000.

Home prices are affected by many factors including interest rates, availability and demand for homes, local economic conditions and regulations affecting housing development. While there are many factors that can influence home prices, one important factor is population growth and change. As more people move into a given area or buy homes there is increased demand for housing which drives up prices. In Kenna over the past five years the population has grown by 10%. This increase in population has put additional pressure on available housing resources and driven up home prices accordingly.