28645, Lenoir, NC

Lenoir, NC is located in the southeastern corner of North Carolina and has a population of just over 100,000 people. The 28645 zip code covers a small area of Lenoir and includes the city center as well as some suburban neighborhoods. Home prices in Lenoir have been on the rise for several years now, with median home values increasing by over 20% between 2012 and 2016. This growth has been particularly pronounced in the suburbs surrounding the city center, where prices have increased by over 30%.

The main drivers of this increase are likely twofold. First, Lenoir is located in an economically strong region of North Carolina that has seen steady job growth over the past few years. Second, there is strong demand for housing in Lenoir due to its convenient location and attractive amenities. The combination of these factors has led to rising home values throughout the 28645 zip code.

While this trend is likely to continue for some time, there are several factors that could eventually dampen it. First, if economic conditions change and employment growth slows down, then demand for housing may decline relative to available supply. Second, if interest rates increase significantly from their current levels (which seems increasingly unlikely), then mortgage payments may become more expensive for homeowners which could lead to a decrease in home values. In either case, it will be important for residents of Lenoir to stay informed about market trends so that they can make informed decisions about their investments and property holdings.