27522, Creedmoor, NC

The 27522 zip code of Creedmoor, NC is located in the southeastern corner of the state and includes a mix of rural and suburban areas. The median home value in this zip code was $191,900 as of September 2017, which is lower than the statewide median home value of $269,500. However, this zip code has a higher percentage of homes valued at over $300,000 than the statewide average.

There are a number of factors that could contribute to the higher percentage of homes in this zip code worth over $300,000. One factor could be that Creedmoor is a wealthy suburb located near Charlotte and Raleigh-Durham. Another factor could be that many homes in this zip code have been updated or renovated recently. Additionally, there is a high demand for housing in Creedmoor due to its proximity to major cities and job centers.

Despite having a higher percentage of homes worth over $300,000 than the statewide average, Creedmoor's home equity rate is lower than most other areas in North Carolina. The home equity rate in Creedmoor was 66% as of September 2017, which is lower than both the statewide average (76%) and the national average (81%). This suggests that homeowners in Creedmoor are generally able to afford their mortgages despite having high home values.