28328, Clinton, NC

Clinton, North Carolina is located in the southeastern part of the state and has a population of just over 30,000 people. The 28328 zip code covers a small area within Clinton and has a median home value of just over $130,000. Home equity in Clinton is relatively low compared to other areas of the country. In 2016, the average home equity for all zip codes in the US was $217,200. Clinton's home equity average is only about one-third of that amount.

There are several reasons why Clinton's home equity is lower than average. First, Clinton's economy is relatively small and not as diversified as larger cities. This means that there are fewer opportunities for people to make money outside of their homes and invest it in property values or stocks. Second, Clinton has a high rate of unemployment which can reduce household incomes and reduce people's ability to borrow money to buy homes or invest in other assets. Third, Clinton has a high rate of poverty which can reduce people's access to credit and also lead them to spend less on things like repairs or upgrades to their homes which could increase their home values. Finally, Clinton's housing prices are likely inflated due to its proximity to major cities like Charlotte and Raleigh which have large populations and more expensive housing markets than Clinton does on its own.