28775, Scaly Mountain, NC

The 28775 zip code of Scaly Mountain, NC is located in the Blue Ridge Mountains and has a population of just over 2,000. The median household income in this zip code is $60,000, which is significantly higher than the national median household income of $53,046. The average home value in this zip code is $269,500, which is also significantly higher than the national average home value of $217,500.

The 28775 zip code has a high home equity rate relative to the national average home equity rate of 63%. This high home equity rate may be due to the relatively affluent population in this zip code and the strong economy overall. In addition, there are a number of luxury homes available for sale in this zip code. The average list price for a single-family home in this zip code is $289,900 and the average list price for a condo is $179,700.

Despite these high prices and high home equity rates, there have been some concerns raised about the stability of the housing market in this area. There have been reports of increasing foreclosure rates and decreasing property values in recent years. However, it remains to be seen whether these trends will continue or if they are simply part of an overall cyclical trend.