Home Values

27604 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

$152,200

  • 2.6% 1-year change
  • 3.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 27604 is $152,200. 27604 home values have gone up 2.6% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in 27604 is None. The median rent price in 27604 is $1,025, which is lower than the Raleigh Metro median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In 27604 3.2 homes are foreclosed (per 10,000). This is greater than the Raleigh Metro value of 2.0 and also greater than the national value of 3.0

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 27604 homeowners underwater on their mortgage is 15.0%, which is higher than Raleigh Metro at 11.9%.

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Relative ZHVI
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27604 Market Overview

Data through Mar 31, 2015
  • $152,200 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
    (Mar 31, 2016)
  • No data Median listing price
  • $127,475 Median sale price
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27604 Market Health

Data through Mar 31, 2015
  • 3.7/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 15.0% 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)

3.2 homes 27604
2 homes Raleigh Metro
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
27608 $423,900
27609 $223,400
27616 $156,600
Name Median ZHVI
27545 $142,700
27601 $137,600
27610 $123,600

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $95 Median sale price / sq ft
  • No data Listings with price cut
33.0%
Sold below listing
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27604 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,230 27604
    $1,351 Raleigh Metro
    $1,362 United States

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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,025 Rent list price
  • $0.81 Rent list price / sq ft
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