Home Values

South Central 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

$98,300

  • -9.7% 1-year change
  • 2.5% 1-year forecast

The median home value in South Central is $98,300. South Central home values have declined -9.7% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in South Central is $137, which is higher than the Raleigh average of $117. The median price of homes currently listed in South Central is $144,900 while the median price of homes that sold is $125,471.

Foreclosures will be a factor impacting home values in the next several years. In South Central 5.6 homes are foreclosed (per 10,000). This is greater than the Raleigh value of 3.3 and also greater than the national value of 3.9

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Relative ZHVI
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South Central Market Overview

Data through Feb 28, 2015
  • $98,300 ZHVI
  • 2.5% 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)
  • $144,900 Median listing price
  • No recent data Median sale price
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South Central Market Health

Data through Feb 28, 2015
  • 5.9/10 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
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

5.6 homes South Central
3.3 homes Raleigh
3.9 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Wade $384,600
Five Points $326,300
Mordecai $257,700
Name Median ZHVI
Hillsborough $213,600
Central $182,900
North Central $177,300
Name Median ZHVI
Southwest Raleigh $135,600
East Raleigh $125,300
South Raleigh $117,500

Listings & Sales

Data through Feb 28, 2015
  • $137 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 17.3% Listings with price cut
23.1%
Sold below listing
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South Central Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $919 South Central
    $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

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.77 Rent list price / sq ft
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