28605, Blowing Rock, NC

The 28605 zip code of Blowing Rock, NC has a median home value of $211,000 and a median home equity value of $134,000. These values are significantly higher than the national median home value of $177,500 and the national median home equity value of $102,800. The 28605 zip code is also considerably wealthier than the national average.

One reason for this disparity is likely the high concentration of wealthy residents in the 28605 zip code. The percentage of households earning over $200,000 is nearly three times as high as the percentage of households earning less than $50,000. This concentration of wealth has likely contributed to increased demand for homes in this area and helped drive up prices.

Another factor that may contribute to increased prices in the 28605 zip code is its low unemployment rate. The unemployment rate in this area was 2.5% as of May 2017, which is much lower than the nationwide unemployment rate of 4%. This low unemployment rate may help to increase demand for homes and drive up prices even further.

Despite these factors, there are some areas where prices in the 28605 zip code are lower than average. For example, while median home values are higher than average, median household incomes are lower than average. This may be due to factors such as low population density or limited job opportunities in this area.