28347, Hoffman, NC

The 28347 zip code of Hoffman, North Carolina is located in the northwestern part of the state and includes a population of around 9,000. The median home value in this zip code is $137,500 and the median home equity is $101,000. This means that approximately one-third of all homes in this zip code are worth more than their original purchase price. Additionally, the average home value has increased by 5% since 2007.

There are a number of reasons why home values have increased in this zip code over the past few years. First and foremost, Hoffman is located in a desirable area with plenty of jobs and opportunities. Additionally, many homeowners have taken advantage of low interest rates to refinance their mortgages and increase their home equity levels. Finally, there has been an influx of families moving into Hoffman over the past few years due to its excellent schools and amenities.

Despite these positive trends, there are still some areas where housing prices may be vulnerable to future fluctuations. For example, if interest rates rise again or if the economy takes a downturn then some homeowners could find themselves struggling to pay off their mortgages or lose significant amounts of equity in their homes. In any case, it is clear that housing prices in the 28347 zip code continue to be very high relative to other areas of North Carolina and across the United States as a whole.