27302, Mebane, NC

The 27302 zip code of Mebane, NC is located in the western part of the state and has a population of about 21,000. The median home value in this zip code is $162,500 and the median household income is $59,000. Home equity in this zip code has increased by about 15% over the past year and home prices are projected to increase by another 7% over the next year.

One reason for this increase in home values is that there are a lot of new homes being built in this area. In addition, there is a strong demand for housing due to the high unemployment rate and low wage growth. Another factor that contributes to rising home values is that interest rates are still relatively low compared to other areas of the country.

There are some risks associated with buying or owning a home in Mebane, NC. One risk is that interest rates could rise significantly over time which would make it more difficult for homeowners to repay their loans. Another risk is that the market could crash causing prices to decline significantly.