28533, Cherry Point, NC

The 28533 zip code of Cherry Point, NC has a median home value of $217,000. This is a decrease from the median home value of $236,000 in 2016. The decrease in home values can be attributed to the market conditions and the lack of available inventory.

In addition to the decreasing home values, there has been an increase in delinquencies on mortgages in this zip code. There were 11% more mortgages that were 90 days or more delinquent than there were in 2016. This increase can be attributed to several factors such as low interest rates and stricter lending criteria.

Despite these challenges, homeownership rates are still high in this zip code with over 82% of households owning their homes. This is due to strong demand for housing and limited availability of properties for sale.

Overall, homeownership rates are high but there are indications that the market conditions may be affecting home values and mortgage delinquencies in 28533 zip code.