ZIP 28042 housing market

What this means

• Prices. Home values are up 6.7% over the past year (U.S.: +1.2%), but still 7% below their 2022-23 peak.
• Supply. Listings are 100% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is moderate (46/100; U.S.: 54) (as of Oct 2025): 0% of listings had a price cut (U.S.: 26%) (as of Oct 2025).
• Affordability. A mortgage on the typical home takes 75% of the median household income (U.S.: 35%); it takes about $52k a year to keep the payment at 30% of gross pay. That includes about $1,357 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $114 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −5% to +11% over the next 12 months (74% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −5.3% to +11.0% (80% range; middle estimate +3.9%), chance of a rise 74%, of a 5%+ drop 10%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Cleveland County, NC