27519, Cary, NC

The 27519 zip code of Cary, NC is located in the Triangle region of North Carolina and has a population of about 112,000. Home prices in this zip code have increased significantly over the past few years, reaching an all-time high of $269,000 in April 2017. This increase in home prices has been driven by strong demand from both buyers and sellers, as well as low interest rates.

Home equity is a key factor in home prices. In Cary, home equity accounts for approximately 38% of the average sale price. This high level of home equity reflects the strong demand for homes in this zip code. Additionally, buyers who are able to obtain a mortgage with a low interest rate are more likely to be able to afford a house in Cary than buyers who are not able to get a mortgage with a low interest rate.

Despite the increasing popularity of Cary homes among buyers and sellers alike, there are some risks associated with buying or selling a house in this zip code. For example, if you are not able to qualify for a mortgage due to poor credit history or other factors, you may not be able to purchase or sell a house in Cary. Additionally, if the economy weakens and interest rates rise again, it could become more difficult for buyers and sellers to afford houses in Cary.