Which Triangle Zip Codes Are Seeing Housing Prices Rise the Most? | Triangulator | Indy Week
Pin It

Which Triangle Zip Codes Are Seeing Housing Prices Rise the Most? 

click to enlarge north-carolina-zipcode-map.jpg

It's been about a decade since home prices peaked in the run-up to the housing catastrophe that nearly destroyed the American economy. In aggregate, the housing market has bounced all the way back, but as a recent analysis by The Washington Post found, the recovery has "exacerbated inequality, leaving behind many Americans of moderate means."

As Jed Kolko, a senior fellow at the Terner Center for Housing Innovation at the University of California-Berkeley, put it: "U.S. housing markets are more unequal today than they were before the housing bubble."

Where are the winners, and where are the losers? In the Triangle, on the whole, both Raleigh (home values up 21 percent since 2004) and Durham-Chapel Hill (grouped together by the Post, up 19 percent) are doing well. But zoom in closer, and the nuances of this recovery reveal themselves. The ZIP code 27701—home to downtown Durham—has seen home values rise 63 percent, more than anywhere else in the Triangle.

Here's a snapshot of some notable ZIP codes and how much their home values are up since 2004. The national average is 14 percent.

27701 (downtown Durham) 63 percent

27703 (east and southeast Durham) 7 percent

27705 (Duke, Walltown, some north Durham) 22 percent

27704 (Northgate Park east out to Falls Lake) 12 percent

27713 (Southpoint) 14 percent

27510 (Carrboro) 25 percent

27514 (UNC, Chapel Hill) 20 percent

27517 (east of 501, down to Jordan Lake in Chapel Hill) 19 percent

27278 (Hillsborough) 16 percent

27560 (Morrisville) 24 percent

27502 (Apex) 27 percent

27511 (Cary) 27 percent

27601 (downtown Raleigh) 38 percent

27610 (southeast Raleigh) 7 percent

triangulator@indyweek.com

  • Downtown Durham has shot up more than 60 percent since 2004. Downtown Raleigh isn’t far behind.

Comments (7)

Showing 1-7 of 7

Add a comment

 
Subscribe to this thread:
Showing 1-7 of 7

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in Triangulator



Twitter Activity

Most Recent Comments

"Powell has another idea. "I really wish Wake would experiment with taking officers out of the school and evaluate the …

by Educate1` on After an Incident at Rolesville High, Activists Wonder if Schools Need Cops (Triangulator)

Just to clarify, basically the only people currently eligible for Medicaid in North Carolina are pregnant women, families with minor …

by Smilla on Good News: Roy Cooper Wants to Expand Medicaid. Bad News: It Might Be Illegal. (Triangulator)

Yolanda Stith could not be less qualified for this position. What a blatant political giveaway.

by J.P. McPickleshitter on On His Way Out, Pat McCrory Places Close Advisers on Key State Boards (Triangulator)

FYI, you have the pictures of Lee Roberts and Andrew Heath switched.

by Bob Coats on On His Way Out, Pat McCrory Places Close Advisers on Key State Boards (Triangulator)

Thanks, Lewis. We've made a correction to the info graphic.

by Susan Harper, INDY Publisher on On His Way Out, Pat McCrory Places Close Advisers on Key State Boards (Triangulator)

Comments

"Powell has another idea. "I really wish Wake would experiment with taking officers out of the school and evaluate the …

by Educate1` on After an Incident at Rolesville High, Activists Wonder if Schools Need Cops (Triangulator)

Just to clarify, basically the only people currently eligible for Medicaid in North Carolina are pregnant women, families with minor …

by Smilla on Good News: Roy Cooper Wants to Expand Medicaid. Bad News: It Might Be Illegal. (Triangulator)

© 2017 Indy Week • 201 W. Main St., Suite 101, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation