Home Values

Albemarle Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$100,700

  • 0.1% 1-year change
  • None 1-year forecast

The median home value in Albemarle is $100,700. Albemarle home values have gone up 0.1% over the past year. The median list price per square foot in Albemarle is $85, which is lower than the Albemarle Metro average of $95. The median price of homes currently listed in Albemarle is $158,500 while the median price of homes that sold is $116,950. The median rent price in Albemarle is $650, which is lower than the Albemarle Metro median of $700.

Foreclosures will be a factor impacting home values in the next several years. In Albemarle 3.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Albemarle is 2.8%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Albemarle homeowners underwater on their mortgage is 13.3%.

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Relative ZHVI
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Albemarle Market Overview

Data through Dec 31, 2014
  • $100,700 ZHVI
  • No data 1-yr forecast
  • $158,500 Median listing price
  • $116,950 Median sale price
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Albemarle Market Health

Data through Dec 31, 2014
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes Albemarle
4 homes United States
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Nearby Cities

Name Median ZHVI
Gold Hill $172,300
Stanfield $167,000
Mount Pleasant $166,800
Name Median ZHVI
Locust $153,800
Richfield $151,700
New London $134,000
Name Median ZHVI
Norwood $125,000
Oakboro $113,000
Denton $104,500

Listings & Sales

Data through Dec 31, 2014
  • $85 Median list price / sq ft
  • $70 Median sale price / sq ft
  • 5.5% Listings with price cut
35.1%
Sold below listing
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Albemarle Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $883 Albemarle
    $948 Albemarle Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $650 Rent list price
  • $0.49 Rent list price / sq ft
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