27615, Raleigh, NC

Home equity is the difference between what a homeowner owes on their home and what the home is worth. In Raleigh, NC, the median home equity was $157,000 in 2016. This means that half of all homeowners in Raleigh had more equity in their homes than they owed on them. The average home value in Raleigh was $269,000 in 2016. This means that the average homeowner in Raleigh had more than twice as much equity in their homes as the amount they owed on them.

Raleigh has seen strong growth over the past few years, and this has led to increased demand for homes and increased prices for homes. As a result, homeowners have seen their home equity grow significantly over this time period. Home values have continued to rise even as interest rates have remained low, which has helped to increase homeowners' net worths even further.