27235, Colfax, NC

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In most cases, homeowners use this equity to pay down their mortgage or use it for other purposes, such as buying a second home or investing in stocks or bonds.

The 27235 zip code of Colfax has seen an increase in home values over the past few years. Between January 1, 2016 and January 1, 2017, the median home value increased by 7.5%. Over the same period last year, the median home value increased by 5%. This increase can be attributed to several factors- an improving economy and low interest rates have led to more people buying homes, while increasing demand has driven up prices in some areas of the country more than others.

While there is no one answer to whether or not you should buy a home in Colfax based on current market conditions, it is important to keep in mind that prices can change quickly and there are many factors that can affect them- so it is always best to consult with a real estate agent before making any decisions.