Albemarle Home Prices & Values

$99,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9% 1-year change
  • No data 1-year forecast

The median home value in Albemarle is $99,800. Albemarle home values have gone up 0.9% over the past year. The median list price per square foot in Albemarle is $79, which is lower than the Albemarle Metro average of $90. The median price of homes currently listed in Albemarle is $139,900 while the median price of homes that sold is $100,275. The median rent price in Albemarle is $600, which is lower than the Albemarle Metro median of $675.

Foreclosures will be a factor impacting home values in the next several years. In Albemarle 3.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 4.6%, which is lower than the national value of 6.9%. 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 12.0%.

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Relative ZHVI
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Albemarle Market Overview

Data through Jul 31, 2014
  • $99,800 ZHVI
  • No data 1-yr forecast
  • $139,900 Median listing price
  • $100,275 Median sale price
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Albemarle Market Health

Data through Jul 31, 2014
  • 4.1/10 Less healthy What's This?  
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    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
  • 12.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Albemarle
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Stanfield $159,600 Gold Hill $157,900 Mount Pleasant $152,900
Richfield $147,500 Locust $137,900 New London $126,600
Norwood $122,900 Oakboro $112,900 Denton $91,900

Listings & Sales

Data through Jul 31, 2014
  • $79 Median list price / sq ft
  • $66 Median sale price / sq ft
  • 28.6% Listings with price cut
28.0%
Sold below listing
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Albemarle Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$893 Albemarle
$953 Albemarle Metro
$1,318 United States
  • No data Breakeven horizon
  • $600 Rent list price
  • $0.48 Rent list price / sq ft
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