27869, Rich Square, NC

The 27869 zip code of Rich Square, NC has a median home value of $128,000 and a median home equity of $118,000. This is higher than the statewide median home value of $123,500 and the national median home equity of $106,800. The zip code also has a lower than average percentage of homeowners with negative equity (-5%), which is lower than the statewide (-10%) and national (-13%) percentages.

There are several factors that may contribute to the high home values in this zip code. First, Rich Square is located in an affluent area with a high population density. Second, many homes in this zip code are older and have been well-maintained over time. Third, there is a strong demand for housing in Rich Square due to its proximity to downtown Charlotte and other major businesses and attractions. Fourth, many homeowners in this zip code have access to favorable financing options, such as low interest rates and mortgage insurance premiums. Fifth, there is little competition for housing units in Rich Square due to its limited population size. Finally, homes in this zip code are typically priced higher than similar homes elsewhere in the state or country due to the elevated market conditions prevailing at present.