28719, Cherokee, NC

The 28719 zip code of Cherokee, NC has a population of about 9,000 people. The median home value in this zip code is $128,000. The home equity in this zip code is about $50,000. This means that the typical household in this zip code has about $68,000 in home equity.

There are a few factors that affect the home equity in a zip code. The first factor is the level of inflation. If inflation is high, then the value of homes will go up over time and the amount of home equity will go down. The second factor is interest rates. If interest rates are high, then it will be harder for people to get loans for homes and the amount of home equity will go down. The third factor is the stock market. If the stock market goes down, then people's investments (in stocks or homes) will go down and their home equity will go down too.

The 28719 zip code has a low level of inflation and high levels of interest rates right now which is why its home equity is relatively low compared to other areas in North Carolina. However, if the stock market goes down significantly (which it could), then its home equity could be much lower than other areas too