Home Values

28677 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

$93,100

  • 3.7% 1-year change
  • None 1-year forecast

The median home value in 28677 is $93,100. 28677 home values have gone up 3.7% over the past year. The median list price per square foot in 28677 is $72, which is lower than the Statesville average of $80. The median price of homes currently listed in 28677 is $138,000 while the median price of homes that sold is $98,750. The median rent price in 28677 is $639.

Foreclosures will be a factor impacting home values in the next several years. In 28677 2.4 homes are foreclosed (per 10,000). This is lower than the Statesville value of 3.6 and also lower than the national value of 4.0

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 28677 is 5.7%, which is lower than the national value of 6.4%. 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 28677 homeowners underwater on their mortgage is 17.5%, which is higher than Statesville at 15.2%.

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Relative ZHVI
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28677 Market Overview

Data through Dec 31, 2014
  • $93,100 ZHVI
  • No data 1-yr forecast
  • $138,000 Median listing price
  • $98,750 Median sale price
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28677 Market Health

Data through Dec 31, 2014
  • 2.6/10 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
  • 17.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes 28677
3.6 homes Statesville
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
28682 $380,300
28117 $321,000
28673 $245,200
Name Median ZHVI
28115 $153,600
28166 $143,800
27013 $131,300
Name Median ZHVI
28625 $117,400
28609 $106,100
28610 $89,900

Listings & Sales

Data through Dec 31, 2014
  • $72 Median list price / sq ft
  • $67 Median sale price / sq ft
  • 8.0% Listings with price cut
26.5%
Sold below listing
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28677 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $887 28677
    $915 Statesville
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $639 Rent list price
  • $0.64 Rent list price / sq ft
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