27360, Thomasville, NC

The 27360 zip code of Thomasville, North Carolina is located in the southwestern part of the state and includes a population of around 22,000. The median household income in this zip code is $41,500 and the median home value is $128,000. Home equity in this zip code has increased by more than 20% over the past year and is now at its highest point since 2007.

There are several factors that have contributed to the increase in home equity in this zip code. First, there has been an increase in demand for homes due to an influx of new residents and an increase in job opportunities. Second, there has been a decrease in interest rates which has made it more affordable for people to borrow money to purchase a home. Finally, there has been an increase in the amount that people are able to borrow against their homes thanks to refinancing options available through lenders such as Fannie Mae and Freddie Mac.

Despite these positive trends, there are still some risks associated with buying a home in this zip code. For example, prices could continue to rise if there are further increases in demand or if interest rates rise again. Additionally, although refinancing options are available now more than ever before, they may not be available when you need them most – which could lead to a significant financial loss if you cannot get approved for a loan modification or refinance. Overall though, it appears that home equity growth is continuing strong in the 27360 zip code of Thomasville and should continue doing so over the next few years