The story of this market
The typical home in ZIP 27875 sells for about $230,000, or $123 per square foot.
Prices are up +99.9% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 27875 — Scranton
The housing market in 27874 is characterized by low volume and high volatility in median price metrics due to the small number of transactions. While prices appear to have surged year-over-year, this is largely driven by a limited sample size of sales rather than broad-based appreciation. The area remains a quiet, rural market with minimal new development activity.
This ZIP is best suited for budget-conscious buyers or those seeking rural, low-cost living, as it offers very affordable entry-level housing but lacks the amenities and job density of larger urban centers.
Median prices moved up 99.9% year over year.
Homes spend a median of 27 days on market with 6.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 92.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.5% · poverty 26.4% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27874, Halifax County, NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools in the area are generally characterized by limited resources and lower performance metrics compared to state averages.
The area is subject to standard regional risks including potential for severe storms and localized flooding, typical of the North Carolina coastal plain.
Economic momentum is limited, with the area primarily serving as a rural residential hub; there are no major corporate headquarters or large-scale infrastructure projects currently reported.
Property taxes are assessed at the county level by Halifax County, with additional municipal taxes levied by the town of Scotland Neck.
Commuting is primarily car-dependent, with residents typically traveling to nearby employment centers in Roanoke Rapids or Rocky Mount via US-258 and NC-903.
Local recreation is centered on small community parks and proximity to rural outdoor spaces, with limited commercial shopping and dining options within the immediate vicinity.
The rental market is characterized by low inventory and modest demand, with limited new development and a reliance on older, single-family housing stock.
The local economy is largely agricultural and service-based, with limited industrial presence and a high reliance on regional employment hubs.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving the area.
There are no major approved or under-construction developments reported for this ZIP code.
Halifax County utilizes a periodic reappraisal system to determine property values for tax purposes.
Parcels are subject to Halifax County property taxes and the Scotland Neck municipal tax rate.
Property insurance premiums are influenced by regional hazard exposure, including wind and storm risks common to eastern North Carolina.
Data retrieved from Census Bureau ZCTA profiles and Point2Homes demographic reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A world-renowned facility specializing in waterfowl conservation and education.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.