28334, Dunn, NC

The 28334 zip code of Dunn, North Carolina has a population of around 10,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $59,445. The percentage of households that are renter occupied is higher than the national percentage of renters at around 43%. This suggests that there may be some housing shortages in this area.

One measure of home equity for homeowners in this zip code is the ratio of their home's value to their outstanding mortgage balance. In the 28334 zip code, the median home value is $130,000 and the median outstanding mortgage balance is $75,000. This means that homeowners in this area have a net equity position (home value - outstanding mortgage balance) of $55,000. This compares favorably to other areas in North Carolina where net equity positions are typically much lower (e.g., Gaston County - net equity position = -$7,500).

The average price per square foot for homes in this zip code was $113 which was higher than the average price per square foot for all zip codes in North Carolina ($107). However, over time prices have decreased slightly (-0.8%) compared to all other ZIP codes across North Carolina (-1%). It seems that there may be some pressure on property values due to low interest rates and/or increasing demand from potential buyers.