Home Values

North Carolina 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

$146,700

  • -0.1% 1-year change
  • 3.2% 1-year forecast

The median home value in North Carolina is $146,700. North Carolina home values have declined -0.1% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in North Carolina is $105. The median price of homes currently listed in North Carolina is $199,000 while the median price of homes that sold is $165,275. The median rent price in North Carolina is $1,000.

Foreclosures will be a factor impacting home values in the next several years. In North Carolina 4.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 North Carolina is 5.2%, which is lower than the national value of 6.3%. 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 North Carolina homeowners underwater on their mortgage is 17.1%.

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Relative ZHVI
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North Carolina Market Overview

Data through Feb 28, 2015
  • $146,700 ZHVI
  • 3.2% 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)
  • $199,000 Median listing price
  • $165,275 Median sale price
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North Carolina Market Health

Data through Feb 28, 2015
  • 2.7/10 Less 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.
  • No data Average days on Zillow
  • 17.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

4.1 homes North Carolina
3.9 homes United States
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Cities in North Carolina

Name Median ZHVI
Cary $279,600
Raleigh $185,000
Wilmington $164,000
Name Median ZHVI
Durham $155,900
Charlotte $148,300
Concord $138,900
Name Median ZHVI
Winston-Salem $113,800
Greensboro $108,000
Fayetteville $107,700

Listings & Sales

Data through Feb 28, 2015
  • $105 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 8.9% Listings with price cut
26.5%
Sold below listing
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North Carolina Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,113 North Carolina
    $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

  • No data Breakeven horizon
  • $1,000 Rent list price
  • $0.74 Rent list price / sq ft
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