28312, Fayetteville, NC

The 28312 zip code of Fayetteville, NC has a population of around 116,000 and a median household income of $50,000. The home equity in this zip code is around $128,000 and the home prices are around $160,000. This means that the homeowners in this zip code have a net worth of around $88,000 on average.

The main drivers of home equity in this zip code are likely the low interest rates and the strong housing market. Low interest rates make it cheaper for homeowners to pay off their mortgages and also allows them to borrow more money to buy homes. The strong housing market means that there is more demand for homes than there are available units, which drives up prices.

There are some factors that could potentially decrease home equity in this zip code. If interest rates rise or if the housing market crashes, then homeowners could find themselves with negative net worths. Additionally, if someone loses their job or their house value decreases due to poor maintenance or vandalism, then they may have to take out a loan to cover their losses and would have less equity in their home.