28457, Rocky Point, NC

The Rocky Point zip code of 28457 has a population of approximately 2,500 people. The median household income in this zip code is $101,000 and the median home value is $269,000. The average home price in this zip code has increased by 9% over the past year.

The biggest factor contributing to the increase in home prices in this zip code is likely the low supply of homes available for sale. There are only 116 homes currently for sale in this zip code which accounts for just 2% of all homes for sale in North Carolina. This low supply has driven up prices as buyers have had to compete for limited inventory. Additionally, many homeowners who live in this zip code have been able to refinance their mortgages at historically low rates which has also contributed to the increase in home values.

Despite the strong demand for homes and the increasing prices, there are still some homeowners who are experiencing difficulty selling their homes. In fact, according to Zillow’s Home Value Index, 4 out of 10 homeowners who live in this zip code have been unable to sell their home within the past year. This indicates that there may be some areas of concern with regards to housing affordability in this area.