28516, Beaufort, NC

Home Equity and Home Prices in the 28516 Zip Code of Beaufort, NC

The 28516 zip code of Beaufort, NC has a median home value of $183,200. This is lower than the statewide median home value of $236,600. The 28516 zip code also has a lower home equity value than the statewide median home equity value of $269,200.

There are several factors that may contribute to the lower home values in the 28516 zip code. One reason may be that this area is not as affluent as other parts of North Carolina. Additionally, there may be fewer homes for sale in this area due to recent economic conditions.

Despite these factors, there are still some homeowners in the 28516 zip code who have achieved significant equity in their homes. For example, one homeowner purchased her home for $10,000 in 1985 and now owns it for over $300,000. In addition to achieving significant equity through property ownership, many homeowners have taken advantage of low interest rates and refinanced their mortgages multiple times over the years to maintain or increase their home equity values.