28752, Marion, NC

Marion, NC is located in the southeastern corner of North Carolina and has a population of just over 30,000 people. The 28752 zip code covers just over 2 square miles and has a median home value of $128,000. Home prices have increased steadily in Marion over the past few years, reaching a peak in 2017 before slowly declining since then.

The main drivers of home equity growth in Marion have been strong job growth and low interest rates. The unemployment rate in Marion is currently below 4%, which is much lower than the national average. Additionally, Marion has seen strong economic growth over the past few years with companies such as Amazon expanding their operations here. This has led to an increase in demand for housing and consequently, higher home values.

Despite these positive trends, there are some risks that could impact home values in Marion down the road. For example, if there were to be a sudden decrease in job growth or interest rates, this could lead to a decrease in demand for housing and subsequently lower home values. Additionally, if there were to be any major changes to zoning laws or regulations that impacted property values (such as an increase in development costs), this could also have an impact on home equity growth rates within the 28752 zip code.