27006, Advance, NC

The 27006 zip code of Advance, North Carolina is located in the southeastern corner of the state. It covers a total area of 9.1 square miles and has a population of just over 10,000 people. The median household income in this zip code is just under $50,000, which is lower than the statewide median household income of $60,000. However, the cost of living in this area is much higher than the statewide average. The average home value in this zip code is $159,500, which is significantly higher than the statewide average home value of $130,700.

Home equity and home prices are two important factors that homeowners consider when deciding whether or not to buy or sell a home. Home equity refers to the amount of money that a homeowner has left over after paying off all their debts and other obligations associated with owning a home. Home prices are based on a number of factors including location (near schools and other amenities), size (number and type of bedrooms and bathrooms), condition (age and condition of exterior surfaces), and price history (the recent trends for similar homes in the area).

Despite being located in one of North Carolina's more expensive areas, Advance has seen an increase in home values over the past few years. In fact, according to Zillow's latest report on NC ZIP codes , Advance ranks as one of the top five most valuable ZIP codes in North Carolina . This increase can be attributed to several factors:

-The increasing demand for housing across all price ranges

-The low rate environment that has persisted throughout much of 2018

-The strong economy overall

-Low interest rates that have made it more affordable for buyers to borrow money against their homes' value In addition to these general market conditions, there are also specific reasons why Advance's housing market has been so strong:

-There is limited new development available near by

-The local school district provides excellent education opportunities for residents

-High levelsof employment within close proximity make it easier for families to afford living here Overall , despite being located within one of North Carolina's more expensive areas , Advance's high levelof home values reflect both its desirable location as well as its strong economy .