Home Values

27601 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

$119,700

  • -17.8% 1-year change
  • -3.0% 1-year forecast

The median home value in 27601 is $119,700. 27601 home values have declined -17.8% over the past year and Zillow predicts they will fall -3.0% within the next year. The median list price per square foot in 27601 is $211, which is higher than the Raleigh average of $117. The median price of homes currently listed in 27601 is $234,900 while the median price of homes that sold is $282,000.

Foreclosures will be a factor impacting home values in the next several years. In 27601 3.0 homes are foreclosed (per 10,000). This is lower than the Raleigh value of 3.3 and also lower than the national value of 3.9

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 27601 homeowners underwater on their mortgage is 25.4%, which is higher than Raleigh at 11.7%.

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Relative ZHVI
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27601 Market Overview

Data through Feb 28, 2015
  • $119,700 ZHVI
  • -3.0% 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)
  • $234,900 Median listing price
  • No recent data Median sale price
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27601 Market Health

Data through Feb 28, 2015
  • 6.6/10 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
  • 25.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

3 homes(Oct 31, 2014) 27601
3.3 homes Raleigh
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
27608 $423,900
27605 $195,000
 

Listings & Sales

Data through Feb 28, 2015
  • $211 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.0% Listings with price cut
13.5%
Sold below listing
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27601 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,067 27601
    $1,335 Raleigh
    $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
  • No data Rent list price
  • $1.12 Rent list price / sq ft
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