28366, Newton Grove, NC

Newton Grove is a small town located in the 28366 zip code of North Carolina. The population of Newton Grove was 2,814 as of the 2010 census. Newton Grove is located in Wake County and has a median household income of $73,521.

The average home price in Newton Grove as of February 2017 was $247,000. This represents an increase from the average home price in Newton Grove as of February 2016 which was $236,000. The average home value change from February 2016 to February 2017 was 5%.

Home equity is important to many people and homeownership is considered a key component of the American dream. Home equity can be used for many purposes such as paying off debt, investing money, or simply enjoying the property that you own.

There are several factors that can affect home prices including interest rates, supply and demand, and local economic conditions. In general, prices tend to rise when interest rates are low and fall when interest rates are high. Supply and demand also play a role in determining prices; when there is an increased demand for homes (due to an increase in population or wealth), prices will rise while if there is decreased demand for homes (due to a decrease in population or wealth), prices will fall.

The 28366 zip code has seen steady growth over the past few years due to its favorable economic conditions. The unemployment rate in Wake County as of December 2016 was 3%, which is lower than the national unemployment rate which at 5% represents a relatively stable economy overall compared to other parts of the country where unemployment rates have been on the rise recently. Additionally, according to Zillow’s Home Price Index for ZIP Codes within 100 miles of Raleigh-Durham-Chapel Hill (the three largest cities within Wake County), this area has seen some of the highest growth rates over recent years with ZIP codes such as 27604 (Albemarle) seeing double digit percentage increases since 2013 while ZIP code 28366 has seen modest growth but still remains above average compared to other areas within 100 miles from Raleigh-Durham-Chapel Hill according to Zillow’s index data .

All things considered , it seems that Newton Grove residents are benefiting from strong economic conditions within their community while still maintaining reasonable housing costs relative to other areas throughout North Carolina