27980, Tyner, NC

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. Tyner has seen an increase in home equity and home prices over the past few years, likely due to strong economic conditions and low interest rates. As of May 2017, Tyner's median home equity was $128,000 and its median home price was $164,500. These values have increased by about 20% since 2013.

The primary drivers of home equity growth in Tyner appear to be strong economic conditions and low interest rates. The unemployment rate in Tyner has been below 4% for most of the past five years, while inflation has been relatively low during that time period. These factors have led to increased demand for housing and increased values for homes in Tyner. Additionally, there has been an influx of new residents into Tyner over the past few years, which may also contribute to rising home values.

While there is evidence that rising home values are benefiting homeowners in Tyner, it is important to keep in mind that not all homeowners are experiencing positive gains from rising prices. Homeowners who have taken out mortgages with high interest rates may see their debt levels increase as a result of higher home values. Additionally, some homeowners who have invested heavily in their homes may find themselves facing significant losses if market conditions change significantly and they need to sell their homes quickly or at a lower price than they originally anticipated.