Home Values

27518 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

$371,700

  • 3.7% 1-year change
  • 3.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 27518 is $371,700. 27518 home values have gone up 3.7% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in 27518 is $141, which is higher than the Cary average of $137. The median price of homes currently listed in 27518 is $418,500 while the median price of homes that sold is $319,575. The median rent price in 27518 is $1,210, which is lower than the Cary median of $1,220.

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 27518 is 0.6%, 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 27518 homeowners underwater on their mortgage is 5.3%, which is lower than Cary at 6.7%.

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Relative ZHVI
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27518 Market Overview

Data through Jan 31, 2015
  • $371,700 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $418,500 Median listing price
  • $319,575 Median sale price
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27518 Market Health

Data through Jan 31, 2015
  • 9.3/10 Very 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 5.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
27607 $305,700
27539 $251,300
27513 $250,300
Name Median ZHVI
27502 $247,300
27560 $236,900
27511 $200,900
Name Median ZHVI
27605 $195,000
27606 $187,800
27603 $169,200

Listings & Sales

Data through Jan 31, 2015
  • $141 Median list price / sq ft
  • $128 Median sale price / sq ft
  • No data Listings with price cut
13.0%
Sold below listing
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27518 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,011 27518
    $1,676 Cary
    $1,350 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,210 Rent list price
  • $0.89 Rent list price / sq ft
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