28501, Kinston, NC

Kinston, NC is located in the 28501 zip code. The 28501 zip code has a population of about 29,000 people. The median household income in the 28501 zip code is $41,500. The median home value in the 28501 zip code is $128,900.

The average home equity loan amount in the 28501 zip code is $138,000. The average home equity loan amount for all ZIP codes in North Carolina is $139,200. Home prices have increased by about 9% since 2006. In 2007, the average home price was $130,400 and by 2016 it had increased to $138,900. This indicates that there has been an increase of about 11% in Kinston over this time period.

There are several factors that could be contributing to this increase in home prices including an increase in demand due to an increasing population and a decrease in available inventory due to stricter lending criteria imposed by banks and lenders since the 2008 recession. Additionally, Kinston has seen a rise in job opportunities which could also contribute to rising home prices as more people can afford to purchase homes here.

Despite these positive trends however there are some challenges that face homeowners living within the 28501 zip code including high interest rates and limited availability of affordable housing options within close proximity to Kinston's urban core area which could make it difficult for people who want or need to relocate or sell their homes quickly due to a change of employment or marital status