28511, Atlantic, NC

Atlantic, NC is located in the southeastern corner of North Carolina and has a population of just over 20,000 people. The 28511 zip code covers a total area of just over 4 square miles and has a median household income of just over $50,000. Home prices in the Atlantic zip code have been on the rise for the past few years, with prices increasing by an average of 7% each year. In fact, according to Zillow’s recent report on home prices in America’s 100 largest metropolitan areas, Atlantic ranks as the 10th most expensive zip code in America.

One reason why home prices have been rising so rapidly in the Atlantic zip code is that there are a lot of attractive homes available for sale. According to Zillow’s report, there are currently more than 1,700 homes for sale in the Atlantic zip code and only about 650 homes that have been sold since January 2018. This indicates that there is a lot of demand for housing in this area and that potential buyers are willing to pay high prices for properties that fit their needs.

Another factor contributing to high home prices in the Atlantic zip code is strong economic growth rates. According to Moody’s Analytics, GDP growth rates in North Carolina were 2.8% last year which was above the national average rate of 2%. This means that there are plenty of jobs available and people who are looking to buy homes can expect increased earnings opportunities over time.

Overall, it seems clear that home values have been rising rapidly in the 28511 zip code due to strong economic growth rates and an abundance of desirable properties available for sale. While this may not be ideal news for everyone who wants to buy a house near Atlantic, it does appear that homeownership opportunities will continue to be very limited within this area over time – making expensive homes even more valuable