Home Values

27701 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

$111,300

  • -1.4% 1-year change
  • 1.8% 1-year forecast

The median home value in 27701 is $111,300. 27701 home values have declined -1.4% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 27701 is $124, which is higher than the Durham average of $110. The median price of homes currently listed in 27701 is $153,000 while the median price of homes that sold is $118,294. The median rent price in 27701 is $1,000, which is lower than the Durham median of $1,125.

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 27701 homeowners underwater on their mortgage is 24.2%, which is higher than Durham at 15.2%.

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Relative ZHVI
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27701 Market Overview

Data through Feb 28, 2015
  • $111,300 ZHVI
  • 1.8% 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
    (Feb 29, 2016)
  • $153,000 Median listing price
  • $118,294 Median sale price (Jan 31, 2015)
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27701 Market Health

Data through Feb 28, 2015
  • 4.7/10 Stable
    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
  • 24.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
27514 $364,700
27617 $242,500
27560 $236,900
Name Median ZHVI
27705 $199,400
27713 $185,400
27712 $181,100
Name Median ZHVI
27707 $170,100
27703 $133,500
27704 $115,900

Listings & Sales

Data through Feb 28, 2015
  • $124 Median list price / sq ft
  • $66 Median sale price / sq ft (Jan 31, 2015)
  • 9.6% Listings with price cut
6.9%
Sold below listing
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27701 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,045 27701
    $1,255 Durham
    $1,355 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,000 Rent list price
  • $1.16 Rent list price / sq ft
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