27856 Home Prices & Values

$127,600 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

  • -7.1% 1-year change
  • 2.1% 1-year forecast

The median home value in 27856 is $127,600. 27856 home values have declined -7.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 27856 is $96, which is higher than the Rocky Mount Metro average of $72. The median price of homes currently listed in 27856 is $163,500 while the median price of homes that sold is $110,000.

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 27856 is 5.3%, 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 27856 homeowners underwater on their mortgage is 13.4%.

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Relative ZHVI
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27856 Market Overview

Data through Jul 31, 2014
  • $127,600 ZHVI
  • 2.1% 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

    (Jul 31, 2015)
  • $163,500 Median listing price
  • $110,000 Median sale price (Jun 30, 2014)
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27856 Market Health

Data through Jul 31, 2014
  • 1.6/10 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
  • 13.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
27896 $153,100 27822 $123,400 27807 $118,600
27816 $113,500 27803 $109,700 27804 $108,400
27882 $104,900 27809 $74,600 27891 $70,000

Listings & Sales

Data through Jul 31, 2014
  • $96 Median list price / sq ft
  • $72 Median sale price / sq ft (Jun 30, 2014)
  • 42.0% Listings with price cut
14.9%
Sold below listing
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27856 Rentals

Data through Jul 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
$852 Rocky Mount Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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