Home values have dropped in these NC cities, Zillow says. By how much?
AI-generated summary reviewed by our newsroom.
- Zillow projected a 0.3% increase in home values by December 2026.
- Zillow projected multifamily rents to rise 1% and single-family rents 2% by December.
- Zillow data show Asheville home values dropped 5.3% over the past year.
Last year, Zillow projected that home values would drop, and they did. This April, Zillow projected a slight rise by December.
Zillow’s Home Value and Home Sales Forecast projects an increase of 0.3% as of December 2026.
As for rentals, multifamily rents are projected to increase 1% and single-family rents 2% year over year by December.
Mortgage News Daily had a 30-year fixed mortgage at 6.45% on Thursday, April 30, but mortgage rates have fluctuated with the war in Iran.
Average home value in NC cities
The average home value in large North Carolina cities as of March 2026 according to Zillow:
- Charlotte: $397,125, dropping 1.3% over the past year
- Raleigh: $433,996, dropping 2.3% over the past year
- Durham: $396,395, dropping 2.5% over the past year
- Asheville: $460,994, dropping 5.3% over the past year
- Greensboro: $264,428, dropping 0.1% over the past year
- Wilmington: $416,159, dropping 1.4% over the past year
Cheapest homes in NC
Where are the cheapest homes in North Carolina and their median home values, per Mortgage Research Network:
- Roanoke Rapids: $117,018
- Rockingham: $128,171
- Kinston: $140,709
- Lumberton: $143,884
- Eden: $145,231
- Clinton: $149,112
- Henderson: $177,781
- Rocky Mount: $183,104
- Goldsboro: $187,291
- Mount Airy: $199,850
Of course, not all of North Carolina can provide a low mortgage. Last January, Redfin listed the most expensive places to live in North Carolina as:
- Highlands: $2,750,000
- Governors Club: $1,192,500
- Marvin: $1,171,250
- Lake Lure: $1,068,000
- Wrightsville Beach: $987,500
- Summerfield: $957,250
- Weddington: $950,000
- St. James: $950,000
- Fairview: $833,000
- Carrboro: $810,000
The most expensive towns in the Charlotte metro are Marvin and Weddington, according to a Stacker analysis of Zillow data.
This story was originally published May 5, 2026 at 3:25 PM with the headline "Home values have dropped in these NC cities, Zillow says. By how much?."
