28640, Jefferson, NC

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area.

According to Zillow, as of August 2017, the median home value in zip code 28640 was $236,200. This means that home equity in this area is $101,600 higher than what homeowners owe on their mortgages. Additionally, Zillow reports that as of August 2017, there were 1,814 active listings in zip code 28640 and the average list price was $269,900. This indicates that homes in this area are selling for an average of $109,900 more than what homeowners owe on their mortgages.

Given these figures it is evident that home equity and home prices are both high in zip code 28640. It is also worth noting that while there may be some sellers who are underwater on their mortgages (meaning they owe more money than their home is worth), most homeowners in this area appear to be doing well financially. This suggests that while there may be some risks associated with buying a home in this area (due to elevated levels of debt), overall it appears to be a good investment choice.