27377, Whitsett, NC

The 27377 zip code of Whitsett, North Carolina is located in the southeastern corner of the state and includes a population of just over 2,000. The median home value in this zip code is $119,900 and the median household income is just over $60,000. The majority of homes in this zip code are owner-occupied and there are only a handful of homes that are occupied by renters.

Home equity is one of the most important assets that homeowners can have. Home equity allows homeowners to borrow against their home's value and use that money to pay off other debts or invest in other assets. Over time, homeowners who have built up significant home equity can use that equity to help them retire or purchase a new home.

The average rate on 30-year fixed-rate mortgages in the 27377 zip code was 3.98% as of September 2017. This means that if you were to borrow $100,000 using a 30-year fixed-rate mortgage, you would be required to pay back $103,898 at the end of the term. While interest rates have been on the rise recently, they remain relatively low when compared to historical averages. Therefore, it is likely that borrowers will be able to find an affordable loan option if they want to purchase a home in this zip code.

While there are few rental properties available in this zip code, rents have been increasing steadily over the past few years. In 2016, rents averaged $1,160 per month while they averaged $1,390 per month as of September 2017. Given that rents continue to increase at a faster pace than inflation (the rate at which prices increase), it seems likely that landlords will be able to find tenants for all available rental properties within the next few years.