27862, Pendleton, NC

The 27862 zip code of Pendleton, NC is located in the western part of the state and includes a population of about 10,000 people. The median household income in this zip code is about $50,000 and the median home value is about $160,000.

Home equity has been on the rise in recent years in many parts of the country. In fact, according to Zillow, home values have increased by an average of 6% nationwide since 2013. This has led to a rise in home equity loans and HELOCs (home equity lines of credit) as people seek to take advantage of these rising prices.

In Pendleton, home equity loans and HELOCs are not as common as they are elsewhere in the country. However, there are still a few lenders available here who offer these products. According to data from LendingTree, there are currently six lenders offering home equity products in this zip code.

One reason why home values have been increasing so rapidly in Pendleton is because there is a high demand for housing here. The population growth rate here is above average compared to other parts of the country and this has helped drive up demand for homes and property rights. Additionally, Pendleton has seen strong job growth over the past few years which has also contributed to rising prices.