28216, Charlotte, NC

The 28216 zip code of Charlotte, NC has a median home value of $181,000 and a median home equity value of $141,000. These values are significantly higher than the national median home value of $157,500 and the national median home equity value of $128,000. The 28216 zip code is also significantly higher than the state median home value of $130,700 and the state median home equity value of $101,200.

One reason for these high values in the 28216 zip code is that Charlotte is one of the most affluent cities in North Carolina. The city has a population of over 1 million people and an unemployment rate below 4%. Additionally, Charlotte has a strong economy with many Fortune 500 companies headquartered in the city. These factors have led to increased demand for housing in the 28216 zip code and increased prices for homes and home equity.

Despite these high prices, there are still opportunities for buyers in the 28216 zip code. For example, there are a number of affordable neighborhoods located within close proximity to downtown Charlotte. Additionally, many homeowners in this area have taken advantage of low interest rates over recent years by refinancing their homes multiple times. As long as buyers can afford to pay top dollar for properties in this area, they should be able to find a property that meets their needs.