28422, Bolivia, NC

The 28422 zip code of Bolivia, NC has a median home value of $137,000. This is significantly lower than the national median home value of $217,500. The 28422 zip code also has a low home equity rate of only 5%. This indicates that many homeowners in this zip code are struggling to maintain their homes.

One potential explanation for the low home equity rate in the 28422 zip code is that there are a high number of vacant homes in this area. Many homeowners may be unable to sell their homes due to weak market conditions or because they do not qualify for conventional financing. Additionally, many homeowners may be underwater on their mortgages and have little or no equity in their homes.

Despite the low home equity rate and high number of vacant homes, the average price per square foot for properties in the 28422 zip code is still higher than the national average price per square foot. This suggests that there is still strong demand for property in this area.