The story of this market
The typical home in ZIP 28607 sells for about $640,000, or $368 per square foot.
Prices are down 5.22% from a year ago, which gives buyers more room to negotiate. Homes take about 79 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,152 a month.
ZIP 28607 — Boone
The housing market in 28607 shows a median sale price of $640,000 with a year-over-year decline of 5.22%. Market conditions are currently balanced, with homes selling at approximately 96% of their asking price.
Median prices moved down 5.2% year over year.
Homes spend a median of 79 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.0% · poverty 34.4% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 28607
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Property taxes in this jurisdiction are assessed at an effective rate of approximately 0.4%, which is lower than the North Carolina state average.
Rental demand remains steady with a year-over-year rent growth of 4.05%, signaling potential for sustained landlord pricing.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.