27701, Durham, NC

The 27701 zip code of Durham, NC has a median home value of $174,000 and a median home equity value of $128,000. These values are significantly higher than the national median home value of $130,000 and median home equity value of $100,000. This is likely due to the high concentration of college-educated adults in this zip code as well as the presence of major corporations such as Duke Energy and Wells Fargo.

Despite these high values, there is evidence that the market may be cooling off in this zip code. The number of homes sold in the 27701 zip code decreased by 8% from 2016 to 2017. Additionally, the number of homes listed for sale decreased by 10% over this same period. This suggests that there may be a shortage of available homes for purchase in this area, which could lead to lower prices down the road.