Home Values

27948 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in 27948 is $173, which is lower than the Kill Devil Hills average of $174. The median price of homes currently listed in 27948 is $266,000 while the median price of homes that sold is $230,100. The median rent price in 27948 is $1,250, which is the same as the Kill Devil Hills median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In 27948 2.3 homes are foreclosed (per 10,000). This is greater than the Kill Devil Hills value of 2.2 and also lower than the national value of 4.3

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 27948 is 5.5%, 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 27948 homeowners underwater on their mortgage is 18.2%, which is the same as Kill Devil Hills at 18.2%.

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Relative ZHVI
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27948 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $266,000 Median listing price
  • No recent data Median sale price
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27948 Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 18.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
27954 $258,600
27939 $180,300
 

Listings & Sales

Data through Aug 31, 2014
  • $173 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.0% Listings with price cut
30.1%
Sold below listing
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27948 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,285 27948
    $1,285 Kill Devil Hills
    $1,328 United States

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

  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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