28434, Council, NC

The 28434 zip code of Council, North Carolina is located in the eastern part of the state and has a population of about 10,000. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. However, this zip code has a higher percentage of households earning over $100,000 than the national average. The percentage of households earning less than $25,000 is also lower in this zip code than the national average.

The home equity and home prices in the 28434 zip code are below average when compared to other areas in North Carolina. The median home value in this area is $146,500 which is lower than the statewide median home value of $225,700 and below the national median home value of $197,200. Additionally, only about one-third (32%)of homes in this zip code are owned by individuals while 66% are owned by institutions such as banks or corporations. This indicates that there is a higher demand for housing units in this area from institutional investors rather than individual homeowners.

Despite these low home values and low ownership rates, there has been an increase in home equity and home prices over recent years. Between 2006 and 2016 there was an increase of 18%, which indicates that there is strong demand for housing units within the 28434 zip code. Additionally, between 2015 and 2016 alone there was an increase of 11%. This suggests that despite low ownership rates and low home values within this area, people are still willing to invest money into purchasing homes within this area.