27954, Manteo, NC

The 27954 zip code of Manteo, North Carolina is located in the Outer Banks region and has a population of approximately 2,000. The median home value in this zip code is $137,500 and the median household income is $57,500. The percentage of households earning over $200,000 is approximately 10%.

Home equity in the 27954 zip code has been on the rise for several years. In 2007, the median home value was $111,500. Since then, it has increased by an average of 9% each year. As of September 2017, the median home value was $137,500. This represents an increase of over 30% since 2007!

The 27954 zip code also experiences a high rate of homeownership. Approximately 88% of households in this zip code are owner-occupied compared to the national average of 63%. This high rate may be due to its low crime rates and excellent schools. Additionally, many people who live in this area are retired or have large families which means they do not need to rent as much space as younger individuals would need to do.

Despite these positive trends for home equity and homeownership in the 27954 zip code, there are some challenges that must be faced when it comes to housing prices and affordability:

1) The cost of living in this area is higher than most other areas across the country 2) There is a limited supply of homes available for purchase 3) Many people who want to buy a home must compete with those who already own homes