27705, Durham, NC

The 27705 zip code of Durham, NC has a median home value of $242,000 and a median home equity value of $141,000. These values are significantly higher than the national median home value of $177,500 and the national median home equity value of $130,000. The high values in the 27705 zip code are likely due to the presence of prestigious universities such as Duke University and North Carolina Central University in the area. Additionally, many affluent families have chosen to live in this area due to its excellent schools and quality of life.

Despite the high values in this zip code, there is evidence that home prices may be decreasing slightly over time. This is likely due to increasing competition for homes among buyers who are increasingly aware of the limited supply available in this desirable area. In addition, interest rates have been on the rise recently which may make it more difficult for buyers to obtain mortgages with low down payments. Despite these potential challenges, it is still likely that home prices will continue to increase over time in the 27705 zip code.