28301, Fayetteville, NC

The 28301 zip code of Fayetteville, NC is located in the southeastern corner of North Carolina. The zip code has a population of around 137,000 and covers an area of about 10 square miles. Home prices in this zip code have been increasing steadily over the past few years, reaching a peak in 2016 before slowly declining since then.

As of September 2017, the median home price in this zip code was $269,000. This represents an increase of about 16% from the median home price in September 2016, when the median home price was $248,000. Over the past three years (2015-2017), the median home price has increased by a total of 36%.

One factor that has contributed to this increase in home prices is that there are relatively few homes for sale in this zip code compared to other areas of North Carolina. In fact, as of September 2017 there were only 34 active listings compared to 522 active listings for all of Raleigh and Durham combined (the two largest cities in North Carolina). This lack of inventory may be due to several factors including low unemployment rates and strong economic growth rates within Fayetteville over recent years.

Another contributing factor to rising home prices in this zip code is that interest rates have remained relatively low throughout much of 2017 and 2018. As a result, borrowers who are able to get approved for a mortgage are able to afford more expensive homes than they would have been able to if interest rates had been higher.