28786, Waynesville, NC

The 28786 zip code of Waynesville, NC is located in the southwestern corner of the state and has a population of just over 10,000. The median household income is just over $50,000 and the median home value is just under $200,000. Home prices have been on the rise in this zip code for several years now and are currently at an all-time high.

There are a number of factors that have contributed to the increase in home values in this area. First, there is a strong demand for homes due to the excellent schools and amenities that are available here. Second, there is low unemployment rates which makes it easier for people to find buyers for their homes. Third, there is a limited supply of homes available which has driven up prices even more. Finally, Waynesville has been designated as a "growth city" by the NCDOT and many new businesses are moving into town which also contributes to increased demand for housing.

Despite these positive trends, there are some risks associated with buying a home in this area. First, rising prices can make it difficult for people who do not have significant savings or equity in their homes to buy them outright. Second, if interest rates rise suddenly from current low levels there could be big impacts on home values as well as people's ability to pay off their mortgages. Third, although Waynesville is generally considered safe it does have its share of crime (especially property crime) so buyer should be aware of that before making an offer on a home here.