28083, Kannapolis, NC

The 28083 zip code of Kannapolis, North Carolina has a population of around 59,000 people. The median household income in this zip code is $60,000 and the median home value is $169,900.

There are a total of 9,836 homes in the 28083 zip code. Of these homes, 6,764 are occupied and 3,568 are vacant. The average home value per square foot in this zip code is $104 which is higher than the national average of $81. Additionally, the average home value per square foot in this zip code is higher than the citywide average of $101. This indicates that there is a high demand for housing in this area.

The homeownership rate in this zip code is 68%. This rate is lower than the citywide homeownership rate of 73%. However, it is higher than the countywide homeownership rate of 62%. This indicates that there may be some pockets of resistance to increasing rates due to strong community ties. Additionally, there are a total of 2,906 mortgages outstanding in this zip code which represents an overall healthy lending environment.

Home prices have increased significantly over the past few years in Kannapolis. Between January 1st and December 31st 2017 alone home prices increased by 10%. This increase can be attributed to several factors including low interest rates and increasing demand for housing within the area. It should be noted that although prices have increased significantly over recent years they remain below their pre-recession levels which suggests that there may still be room for further growth within this market segment