28425, Burgaw, NC

The Burgaw, NC zip code of 28425 has a median home value of $119,000 and a median home equity of $101,000. This is significantly lower than the North Carolina median home value of $218,500 and the national median home equity of $146,200. The Burgaw zip code also has a significantly lower homeownership rate than the North Carolina rate of 66.8% and the national homeownership rate of 63.5%.

One possible explanation for these low home values and home equity in the Burgaw zip code may be its relatively low population density. The population density in this zip code is only 2 people per square mile, which is much lower than the North Carolina average population density of 3 people per square mile or the national average population density of 3 people per square mile. Another possible explanation for these low home values and home equity may be Burgaw's high unemployment rate. The unemployment rate in this zip code is 8.1%, which is much higher than both the North Carolina unemployment rate (4.9%) and the national unemployment rate (4%).