27892, Williamston, NC

The 27892 zip code of Williamston, North Carolina is located in the southeastern corner of the state and has a population of just over 10,000. The median household income in this zip code is just over $50,000, which is significantly higher than the statewide median household income of just over $37,500. Home prices in this zip code have also been significantly higher than statewide averages, with homes typically selling for around $200,000 or more.

One reason why home prices in this zip code are so high is that there are a lot of wealthy residents living here. The 27892 zip code has one of the highest concentrations of millionaires per capita in North Carolina and it also has one of the highest concentrations of billionaires per capita in the United States. This high concentration of wealth means that there are a lot of people who are able to afford to buy homes here at very high prices.

Another reason why home prices in this zip code are so high is that there is a lot of demand for housing here. There are a number of affluent families living in this area and they want to be able to live close to each other so that they can easily socialize and share resources. Because there is such strong demand for housing here, developers have been willing to build new homes at very high prices even though wages haven't been rising as fast as inflation rates would suggest they should be. As long as there is strong demand for housing in this area, prices will continue to rise rapidly.