27897, Woodland, NC

The 27897 zip code of Woodland, NC has a median home value of $156,000 and a median home equity value of $111,000. This means that the majority (approximately 78%) of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 5.5% since 2009, which is much faster than the national average increase of 2.8%.

This strong market performance is likely due to several factors: Woodland is located in one of the most desirable parts of North Carolina, there is ample available inventory (due to recent development), and buyers have plenty of options when it comes to financing and purchasing a home. In addition, many families are able to take advantage of low interest rates and generous mortgage terms thanks to Woodland's strong economy.

While these positive trends will continue for the foreseeable future, there are some potential risks that could affect home prices in this zip code. For example, if there were a sudden increase in interest rates or if there were another housing market crash like we experienced in 2008-2009, prices could decline significantly. Additionally, if new development slows down or stops altogether or if more families decide to move into Woodland instead of buying homes here, prices could drop as well. However, based on current trends and expectations it seems unlikely that either scenario will occur anytime soon and therefore homeownership rates and home values should remain stable over the long term.