27592 Home Prices & Values

$163,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0% 1-year change
  • 4.2% 1-year forecast

Market Temperature: HotWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in 27592 is $163,100. 27592 home values have gone up 2.0% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in 27592 is $104, which is the same as the Willow Spring average of $104. The median price of homes currently listed in 27592 is $229,900 while the median price of homes that sold is $159,138. The median rent price in 27592 is $1,135, which is lower than the Willow Spring median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In 27592 6.4 homes are foreclosed (per 10,000). This is the same as the Willow Spring value of 6.4 and also greater than the national value of 4.3

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 27592 is 3.7%, which is lower than the national value of 6.9%. 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 27592 homeowners underwater on their mortgage is 12.5%, which is the same as Willow Spring at 12.5%.

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Relative ZHVI
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27592 Market Overview

Data through Aug 31, 2014
  • $163,100 ZHVI
  • 4.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $229,900 Median listing price
  • $159,138 Median sale price
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27592 Market Health

Data through Aug 31, 2014
  • 5.3/10 Stable What's This?  
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    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
  • 12.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.4 homes 27592
6.4 homes Willow Spring
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
27518 $366,600 27539 $260,200 27526 $193,800
27606 $190,100 27603 $171,400 27529 $154,200
27520 $145,900 27501 $142,300 27521 $101,400

Listings & Sales

Data through Aug 31, 2014
  • $104 Median list price / sq ft
  • $103 Median sale price / sq ft
  • 31.8% Listings with price cut
23.9%
Sold below listing
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27592 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,196 27592
$1,198 Willow Spring
$1,328 United States
  • 1.7 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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