27014, Cooleemee, NC

Home Equity in the 27014 Zip Code of Cooleemee, North Carolina

The average home equity in the 27014 zip code of Cooleemee, North Carolina is $137,000. This figure has increased by over $10,000 since 2007. The increase in home equity can be attributed to a combination of factors including rising prices and low interest rates.

The average price of a home in the 27014 zip code increased by over $50,000 from 2007 to 2016. The majority of this increase can be attributed to an increase in prices within the Charlotte metropolitan area. However, prices have also risen within other nearby counties as well. In fact, while the overall average price for homes within the 27014 zip code has increased, there has been a decrease in the percentage of homes that are priced below $100,000. This indicates that while there is still room for growth within this market segment, buyers are becoming more selective as they seek properties with higher value attributes.

While home equity is important for many homeowners and investors alike, it is not always indicative of long-term stability or prosperity. A recent study conducted by Zillow found that while homeowners with high levels of home equity are generally happier than those with lower levels of equity (due to feelings such as security and independence), their homes are less likely to experience foreclosure or repossession during periods when housing values decline significantly." So while having high levels of home equity may not be indicative of being financially secure overall it does provide some peace-of-mind during times when housing values fluctuate