27910, Ahoskie, NC

Home Equity and Home Prices in the 27910 Zip Code of Ahoskie, NC

The home equity and home prices in the 27910 zip code of Ahoskie, NC are very high. The median home value in this zip code is $239,900 which is significantly higher than the North Carolina median home value of $130,500. The average home equity in this zip code is $142,000 which is also significantly higher than the North Carolina average of $77,200. This indicates that there are a lot of homeowners in this zip code who have a lot of equity in their homes.

One reason why the home equity and home prices in this zip code are so high is because there are a lot of affluent residents living here. The percentage of households earning over $100,000 annually is above the North Carolina statewide average of 34%. Additionally, the percentage of households earning over $200,000 annually is also above the statewide average of 10%. These affluent residents likely have a large amount of money saved up to invest in their homes which has contributed to high home values andhome equity.

Another factor that has contributed to high home values andhome equity in this zip code are low interest rates. Right now interest rates are very low which means that it's relatively easy for people to borrow money to buy homes. Additionally, there aren't many competing buyers for these homes so sellers can usually get what they want when it comes to price negotiations. Low interest rates will likely continue to contribute to highhome values andhome equityinthiszipcodeforawhilebecausepeoplearestillbuyinghousesand refinancingwheninterestratesdropbelow4%.