28463, Tabor City, NC

The 28463 zip code of Tabor City, North Carolina is located in the southeastern part of the state and has a population of about 10,000. The median household income in this zip code is about $50,000 and the median home value is about $130,000. The average mortgage rate in this zip code is about 4.5%.

Home equity and home prices are important factors to consider when purchasing a home. Home equity refers to the amount of money that a homeowner has left over after paying off their mortgages and other debts. Home prices refer to the amount that someone would be willing to pay for a particular property.

There are several factors that affect home equity and home prices in Tabor City: economic conditions, interest rates, local real estate market conditions, housing stock availability, and population growth. Economic conditions can affect both home equity and home prices by affecting demand for homes (e.g., whether people are buying or selling homes) and supply (e.g., how many homes are being built). Interest rates can also affect both by affecting how much homeowners can borrow on their homes and how much they have to pay back on those loans (i.e., interest rates impact both mortgage payments and overall house values). Local real estate market conditions include things like inventory levels (how many houses are available for sale), price trends (how much more or less expensive houses have been compared to last year), neighborhood characteristics (which neighborhoods have more or fewer houses for sale), etc. Housing stock availability refers to how many houses are available for purchase within a given area – if there aren’t enough houses available then it will be harder for people to buy homes because they won’t be able to find anything that meets their needs at an affordable price. Population growth can also impact both by increasing the number of people who want to live in an area – which will increase demand for housing – as well as increasing the number of new households who need housing – which will increase demand for homes near schools, shopping areas, etc..

Overall, it appears that Tabor City's economy is doing well right now; however, interest rates could rise which would cause homeowners' payments on their mortgages to go up as well as house values; furthermore population growth could lead to even more pressure on housing availability in future years if not addressed properly by city planners/administrators In addition , while inventory levels appear low currently there could be an increased demand from buyers over time should wages continue rising faster than inflation . Finally , while some neighborhoods may have more available properties than others due largely pricing trends over time these neighborhoods may eventually reach equilibrium where all properties become equally accessible at fair market value