Home Values

27571 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

$245,200

  • 4.6% 1-year change
  • 3.6% 1-year forecast

The median home value in 27571 is $245,200. 27571 home values have gone up 4.6% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in 27571 is $109, which is lower than the Wake Forest average of $120. The median price of homes currently listed in 27571 is $301,400 while the median price of homes that sold is $257,000. The median rent price in 27571 is $1,495, which is higher than the Wake Forest median of $1,450.

Foreclosures will be a factor impacting home values in the next several years. In 27571 6.4 homes are foreclosed (per 10,000). This is greater than the Wake Forest value of 1.6 and also greater 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 27571 homeowners underwater on their mortgage is 16.5%, which is higher than Wake Forest at 11.6%.

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Relative ZHVI
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27571 Market Overview

Data through Feb 28, 2015
  • $245,200 ZHVI
  • 3.6% 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)
  • $301,400 Median listing price
  • No recent data Median sale price
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27571 Market Health

Data through Feb 28, 2015
  • 3.9/10 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
  • 16.5% 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)

6.4 homes 27571
1.6 homes Wake Forest
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
27614 $354,300
27615 $252,000
27587 $239,300
Name Median ZHVI
27596 $162,100
27616 $156,600
27604 $147,600
Name Median ZHVI
27545 $142,700
27597 $132,200
27591 $131,600

Listings & Sales

Data through Feb 28, 2015
  • $109 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.9% Listings with price cut
25.0%
Sold below listing
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27571 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,577 27571
    $1,535 Wake Forest
    $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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,495 Rent list price
  • $0.67 Rent list price / sq ft
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