27591, Wendell, NC

The 27591 zip code of Wendell, North Carolina has a population of approximately 5,000 people. The median household income in this zip code is $51,000 and the median home value is $130,000. The 27591 zip code has a homeownership rate of 68%.

The average price of a home in the 27591 zip code increased by 9% from January to December 2016. This was the second consecutive year that the average price of a home in Wendell increased by over 9%. The increase in prices can be attributed to an increase in demand and limited supply. There are currently only 248 homes for sale in Wendell which is 10% less than at this time last year. Additionally, there have been no new construction permits issued within the 27591 zip code since January 2016. This indicates that there is strong demand for homes within this area and that buyers are willing to pay higher prices for properties that are already occupied.

Despite the increasing prices, there are still many opportunities available for buyers within the 27591 zip code. There are currently 248 homes for sale which represents only 10% of all available properties within this area. Additionally, many homeowners who have seen their home values increase may be interested in selling their property as well which would bring down prices even further. Furthermore, although new construction permits have not been issued within the past twelve months, this does not mean that there aren’t any new developments planned for Wendell or that there aren’t any potential homebuyers looking to purchase property here. In fact, according to Zillow®, one possible development planned for Wendell could include up to 1,500 new homes which would significantly increase available housing options within this area