27563, Norlina, NC

Norlina is a small town located in the 27563 zip code of North Carolina. The median home value in Norlina is $139,000 and the median home equity is $119,000. The average household income in Norlina is $60,000.

The 27563 zip code has a population of approximately 1,500 people. The majority of residents are white and have a median age of 50 years old. There are also a few black residents living in the 27563 zip code. The average household size in Norlina is 2 people and the average family size is 3 people.

The 27563 zip code has a high percentage of homeownership which indicates that most residents own their homes outright or have mortgage loans that do not exceed 80% of the value of their homes. This high percentage of homeownership may be due to the low cost of housing in Norlina or because there are not many opportunities for residents to purchase homes outside of Norlina.

Despite having a high percentage of homeownership, there has been an increase in home prices over the past few years due to limited supply and increasing demand from local buyers and investors alike. In fact, according to Zillow’s Home Value Index for ZIP Codes within 100 miles (161 km) from Raleigh-Durham, NC (the largest metropolitan area in North Carolina), Norlina’s ZIP Code ranks as one of the most expensive ZIP Codes within this radius with an index score above 100%.

Despite being expensive, Norlina’s home prices may still be affordable relative to other areas within North Carolina or nationwide. For example, Zillow’s National Home Value Index shows that the median home value in Raleigh-Durham, NC is $269,200 while the median home value nationwide is $213,800 – meaning that Norlina's home values are about 36% higher than national averages but still remain relatively affordable when compared to other areas across America