27545 Home Prices & Values

$143,700 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

  • 1.9% 1-year change
  • 3.0% 1-year forecast

Market Temperature: WarmWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in 27545 is $143,700. 27545 home values have gone up 1.9% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in 27545 is $95, which is higher than the Knightdale average of $95. The median price of homes currently listed in 27545 is $216,990 while the median price of homes that sold is $163,125. The median rent price in 27545 is $1,095, which is the same as the Knightdale median of $1,095.

Foreclosures will be a factor impacting home values in the next several years. In 27545 8.2 homes are foreclosed (per 10,000). This is the same as the Knightdale value of 8.2 and also greater 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 27545 is 7.1%, which is higher 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 27545 homeowners underwater on their mortgage is 16.4%, which is the same as Knightdale at 16.4%.

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Relative ZHVI
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27545 Market Overview

Data through Aug 31, 2014
  • $143,700 ZHVI
  • 3.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $216,990 Median listing price
  • $163,125 Median sale price
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27545 Market Health

Data through Aug 31, 2014
  • 2.6/10 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
  • 16.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.2 homes 27545
8.2 homes Knightdale
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
27571 $238,900 27527 $211,700 27616 $160,900
27604 $150,100 27591 $130,200 27601 $130,000
27610 $125,400    

Listings & Sales

Data through Aug 31, 2014
  • $95 Median list price / sq ft
  • $96 Median sale price / sq ft
  • 28.9% Listings with price cut
30.8%
Sold below listing
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27545 Rentals

Data through Aug 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
$1,183 27545
$1,183 Knightdale
$1,328 United States
  • 1.6 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,095 Rent list price
  • $0.79 Rent list price / sq ft
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