28303, Fayetteville, NC

The 28303 zip code of Fayetteville, NC is located in Cumberland County and has a population of around 115,000. The median household income in this zip code is $60,000, and the median home value is $154,900. In terms of home equity, the 28303 zip code ranks #1 out of all zip codes in the United States with a total equity value of $269 billion. This means that on average, homes in this zip code are worth 2.9 times more than their original purchase price.

One reason why homes in the 28303 zip code are so valuable is that they are located near some of the most prestigious universities in North Carolina (UNC-Chapel Hill and Duke University). Additionally, Fayetteville is a growing city with many new businesses opening up each year. As a result, there is an increasing demand for housing stock in this area.

Another factor contributing to the high home values in the 28303 zip code are low interest rates. Currently, interest rates are at historic lows which makes it easier for people to borrow money to buy homes. Additionally, there is a lot of competition for housing stock due to limited supply and high demand. This has led to prices being raised faster than average across all markets throughout the US economy.