27613, Raleigh, NC

The 27613 zip code of Raleigh, NC has a median home value of $219,000. This is higher than the national median home value of $177,500. The zip code also has a high percentage of homeowners with a mortgage (69%). This is higher than the national mortgage rate of 6%.

There are many factors that contribute to the high home values in this zip code. One reason is that Raleigh is a growing city with plenty of jobs and opportunity. Another reason is that the area has a low number of foreclosures and short sales, which means there are more buyers who are willing to pay more for homes. Finally, the local real estate market has been strong for several years now, so there's plenty of competition among buyers and sellers.

Despite these positive factors, there are some challenges facing homeowners in this zip code. One issue is that prices have been rising faster than wages over the past few years, which makes it harder for people to afford a home on their own. Another issue is that interest rates are still relatively high compared to other areas, so it's difficult for people to get approved for a loan if they want to buy a home.