27523, Apex, NC

Apex, NC is located in the Raleigh-Durham-Chapel Hill metropolitan area. The 27523 zip code has a population of approximately 107,000 people. Apex is one of the most affluent zip codes in North Carolina and has a median household income of over $100,000. Home prices in Apex have increased significantly over the past few years and are now among the highest in the state.

According to Zillow, the median home value in Apex was $269,200 as of September 2017. This represents an increase of over 50% from 2016 when the median home value was $158,700. The average home price in Apex has increased even more significantly – by almost 150% – reaching an average value of $471,500 as of September 2017. This makes Apex one of the most expensive zip codes in North Carolina and one of the most expensive areas in all of America.

One reason for this dramatic increase in home values is that there are a large number of high-income households living in Apex. In fact, nearly two-thirds (64%)of all households living in 27523 earn at least $100,000 per year – which is well above the statewide average (47%). Additionally, many homes located within this zip code are owned by investors rather than individuals who live there full time. As a result, demand for property within this area is high and prices are accordingly high.

Despite these high prices however, not everyone believes that home values will continue to rise indefinitely. Some experts believe that we may be entering into a period where housing prices begin to decline due to increasing supply and decreasing demand (due to rising interest rates and other economic factors). If this happens then homeowners who bought during what appears to be an inflated market will likely experience significant losses on their investments.