28901, Andrews, NC

The 28901 zip code of Andrews, NC has a median home value of $183,000 and a median home equity value of $119,000. This is significantly lower than the national median home value of $217,500 and the national median home equity value of $146,700. The 28901 zip code also has a significantly lower homeownership rate than the national homeownership rate of 63.4%.

There are several factors that may contribute to the low home values in the 28901 zip code. First, this area is located in one of the most economically depressed regions in North Carolina. Second, there is a high level of foreclosure activity in this area which has driven down prices. Finally, there is a significant amount of competition for homes in this zip code due to its high population density.

Despite these challenges, there are some indications that prices may be starting to rebound in the 28901 zip code. First, there has been an increase in sales over the past year which suggests that buyers are beginning to enter the market again. Second, recent surveys have shown that more people are considering purchasing homes in this area which could lead to higher prices down the road.