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

$96,200

  • -5.2% 1-year change
  • None 1-year forecast

The median home value in Albemarle is $96,200. Albemarle home values have declined -5.2% over the past year. The median list price per square foot in Albemarle is None.

Foreclosures will be a factor impacting home values in the next several years. In Albemarle 4.9 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

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 3.2%, which is lower than the national value of 6.0%. 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 11.3%.

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Relative ZHVI
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Albemarle Market Overview

Data through May 31, 2015
  • $96,200 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $124,250 Median sale price
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Albemarle Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 11.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.9 homes Albemarle
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Gold Hill $155,500
Stanfield $152,700
Mount Pleasant $142,400
Name Median ZHVI
Richfield $141,600
Locust $135,200
Norwood $122,200
Name Median ZHVI
New London $121,700
Oakboro $114,700
Denton $89,000

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $72 Median sale price / sq ft
  • No data Listings with price cut
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Albemarle Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $902 Albemarle
    $974 Albemarle Metro
    $1,367 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No recent data Rent list price / sq ft
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