27713, Durham, NC

Home Equity and Home Prices in the 27713 Zip Code of Durham, NC

The 27713 zip code of Durham, NC has a median home value of $183,000. This is higher than the national median home value of $161,500. The 27713 zip code also has a median home equity value of $137,000. This is higher than the national median home equity value of $123,700. These high values may be due to the high demand for housing in this area or because there are more expensive homes available in this zip code than in other areas.

There are a number of factors that could affect home prices and home equity values in a particular area. The economy can influence prices by increasing or decreasing demand for homes. Changes in interest rates can also have an impact on prices and homeowners' equity levels. Additionally, local zoning laws and regulations can affect how many homes are built and what type they are (e.g., single-family vs multifamily). Finally, population growth or decline can also have an impact on prices and homeowners' equity levels over time.

Overall, it appears that the 27713 zip code of Durham is experiencing strong demand for housing and high home equity values relative to other areas across the country. While there may be some localized fluctuations over time due to local economic conditions or changes in interest rates, it seems likely that these values will continue to be relatively high over the long term