28104, Matthews, NC

Matthews, North Carolina is located in the southeastern corner of the state. The city has a population of just over 100,000 and covers a land area of about 9 square miles. The 28104 zip code includes much of Matthews, as well as some neighboring areas.

The median home value in this zip code is $151,200 according to data from Zillow. This is significantly higher than the statewide median home value of $130,800 and makes Matthews one of the more expensive zip codes in North Carolina. In addition, the average home equity loan-to-value ratio (LTV) in this zip code is 97%, which indicates that most homes in this area are heavily indebted. Despite these high levels of debt, however, homeownership rates in this area are still relatively high at 63%. This may be due to strong demand for housing stock or low interest rates that make it easier for people to afford a mortgage.

Despite being expensive and having high levels of debt, homeownership rates in Matthews remain relatively high compared to other parts of North Carolina. This may be due to strong demand for housing stock or low interest rates that make it easier for people to afford a mortgage.