Zip Code:

28314, Fayetteville, NC

28314 is a North Carolina Zip code within the city of Fayetteville and the county of Cumberland County. Its population is roughly 58,827.

The Real Estate Market in Fayetteville, NC

Home Equity in the 28314 Zip Code of Fayetteville, NC

The home equity in the 28314 zip code of Fayetteville, NC is $236,000. This is a decrease from $248,000 in 2007. The average home value has decreased by 5% since 2007. There are a total of 1,527 homes in this zip code. The majority of these homes were built between 1990 and 2000. There are also a few newer homes that have been built since 2007 but they make up a small percentage of the total number of homes in this zip code.

The reason for the decrease in home equity is likely due to several factors including:

-The economy has been struggling over the past few years and this has had an impact on home values throughout the country

-There has been an increase in people who are renting instead of buying because they can't afford to buy outright

-Many people have taken out mortgages that are larger than what they could originally afford due to rising prices

-Some homeowners have decided to sell their homes because they no longer need them or they want to move into a different location

All these factors combined have led to a decrease in home equity throughout Fayetteville and other parts of North Carolina. However, it's important to keep in mind that not all homeowners have seen their home equity decline - some may actually see their equity increase as their house gains value over time due to inflation or appreciation. It's always important to consult with a real estate agent or mortgage lender if you're interested in purchasing or refinancing a property so you can get an accurate estimate of your potential options.

Price Index: Fayetteville, NC

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