Zip Code: 27603 (Raleigh, North Carolina) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 27603 Zip Code (Raleigh, North Carolina) in February 2026 was $409,451.75. The month over month percentage change (MoM) was -0.02%, and the year over year percentage change (YoY) was -3.41%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 27603 zip code (Raleigh, North Carolina). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 27603 zip code (Raleigh, North Carolina).

You can see similar information for other North Carolina zip codes, and for North Carolina.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 27603 (Raleigh, North Carolina) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 27603 (Raleigh, North Carolina) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 202100.84595738337 0.52 4.25
Feb 2015 203270.4387801625 0.58 4.45
Mar 2015 204459.86054130294 0.59 4.53
Apr 2015 205447.58436410638 0.48 4.58
May 2015 206204.8390429062 0.37 4.47
Jun 2015 206910.099023569 0.34 4.49
Jul 2015 207779.4447618037 0.42 4.63
Aug 2015 208828.16085638377 0.51 4.99
Sep 2015 210092.75037617702 0.61 5.40
Oct 2015 211512.3605926334 0.68 5.94
Nov 2015 213140.37721346904 0.77 6.40
Dec 2015 214728.78389300697 0.75 6.81
Jan 2016 216376.7536161756 0.77 7.06
Feb 2016 217722.41396936312 0.62 7.11
Mar 2016 218970.96603385799 0.57 7.10
Apr 2016 220165.31200411264 0.55 7.16
May 2016 221457.52865870428 0.59 7.40
Jun 2016 222833.0077047043 0.62 7.70
Jul 2016 224230.75642033108 0.63 7.92
Aug 2016 225733.06663991124 0.67 8.10
Sep 2016 227248.04819141873 0.67 8.17
Oct 2016 228795.17940586418 0.68 8.17
Nov 2016 230463.18797852693 0.73 8.13
Dec 2016 232131.228164174 0.72 8.10
Jan 2017 233643.74526387567 0.65 7.98
Feb 2017 234913.2217340651 0.54 7.90
Mar 2017 236113.02595438893 0.51 7.83
Apr 2017 237532.9015073805 0.60 7.89
May 2017 238825.2237359062 0.54 7.84
Jun 2017 240129.56446103836 0.55 7.76
Jul 2017 241342.6659975367 0.51 7.63
Aug 2017 242615.08102663912 0.53 7.48
Sep 2017 243742.11054437747 0.47 7.26
Oct 2017 244852.11625819912 0.46 7.02
Nov 2017 246020.32383829806 0.48 6.75
Dec 2017 247267.47112274976 0.51 6.52
Jan 2018 248482.8788011946 0.49 6.35
Feb 2018 249735.63456482944 0.50 6.31
Mar 2018 251232.28033745158 0.60 6.40
Apr 2018 252451.60360392064 0.49 6.28
May 2018 253601.1807681898 0.46 6.19
Jun 2018 254579.12124463997 0.39 6.02
Jul 2018 255907.2805988172 0.52 6.04
Aug 2018 257207.06550457116 0.51 6.01
Sep 2018 258530.24754079097 0.51 6.07
Oct 2018 259711.76863610093 0.46 6.07
Nov 2018 260994.7318565558 0.49 6.09
Dec 2018 262290.6926893704 0.50 6.08
Jan 2019 263979.0743369208 0.64 6.24
Feb 2019 265839.11492922757 0.71 6.45
Mar 2019 268026.11575959757 0.82 6.69
Apr 2019 269707.7037718038 0.63 6.84
May 2019 270973.35429622646 0.47 6.85
Jun 2019 271598.7976363118 0.23 6.69
Jul 2019 272297.36469788663 0.26 6.41
Aug 2019 273233.52480880596 0.34 6.23
Sep 2019 274376.21817444864 0.42 6.13
Oct 2019 275713.1970921031 0.49 6.16
Nov 2019 277097.52645057585 0.50 6.17
Dec 2019 278517.328509955 0.51 6.19
Jan 2020 280027.52563408506 0.54 6.08
Feb 2020 281495.05936906324 0.52 5.89
Mar 2020 283053.52939620806 0.55 5.61
Apr 2020 284387.64707355323 0.47 5.44
May 2020 285159.2897810471 0.27 5.24
Jun 2020 285683.5945511534 0.18 5.19
Jul 2020 286543.99979861826 0.30 5.23
Aug 2020 288464.69973210664 0.67 5.57
Sep 2020 291559.6801817664 1.07 6.26
Oct 2020 295023.79368223547 1.19 7.00
Nov 2020 298498.9155537544 1.18 7.72
Dec 2020 301746.05058361567 1.09 8.34
Jan 2021 304937.8219537176 1.06 8.90
Feb 2021 308616.2816529457 1.21 9.64
Mar 2021 312688.4945383998 1.32 10.47
Apr 2021 317435.5360592028 1.52 11.62
May 2021 323163.0281127866 1.80 13.33
Jun 2021 330359.0677381808 2.23 15.64
Jul 2021 338428.61367851467 2.44 18.11
Aug 2021 346601.33919177065 2.42 20.15
Sep 2021 353850.110422024 2.09 21.37
Oct 2021 360733.2838292007 1.95 22.27
Nov 2021 367081.71356336697 1.76 22.98
Dec 2021 373071.1843682429 1.63 23.64
Jan 2022 379434.84346195747 1.71 24.43
Feb 2022 386743.33801835123 1.93 25.32
Mar 2022 395550.7870778476 2.28 26.50
Apr 2022 404944.1010014406 2.38 27.57
May 2022 414420.3181225999 2.34 28.24
Jun 2022 422199.33129299566 1.88 27.80
Jul 2022 426794.91830416396 1.09 26.11
Aug 2022 427276.0480458297 0.11 23.28
Sep 2022 424960.5446904551 -0.54 20.10
Oct 2022 422043.1487787596 -0.69 17.00
Nov 2022 419112.2657282388 -0.69 14.17
Dec 2022 416606.2434172108 -0.60 11.67
Jan 2023 414052.7361538464 -0.61 9.12
Feb 2023 411873.6692896394 -0.53 6.50
Mar 2023 410558.6336585623 -0.32 3.79
Apr 2023 410612.3651932034 0.01 1.40
May 2023 412275.43567420245 0.41 -0.52
Jun 2023 414776.7286423249 0.61 -1.76
Jul 2023 417091.9436080254 0.56 -2.27
Aug 2023 418881.80416382215 0.43 -1.96
Sep 2023 419889.26232401375 0.24 -1.19
Oct 2023 420376.92938839947 0.12 -0.39
Nov 2023 420475.52918323776 0.02 0.33
Dec 2023 420367.966762214 -0.03 0.90
Jan 2024 420520.7942606155 0.04 1.56
Feb 2024 421317.84415910166 0.19 2.29
Mar 2024 423099.7174281745 0.42 3.06
Apr 2024 424794.16297493357 0.40 3.45
May 2024 425850.6868685743 0.25 3.29
Jun 2024 425908.00088467804 0.01 2.68
Jul 2024 425642.5310761309 -0.06 2.05
Aug 2024 425196.03030724404 -0.10 1.51
Sep 2024 424783.1044266317 -0.10 1.17
Oct 2024 424434.2761714479 -0.08 0.97
Nov 2024 424387.0629081467 -0.01 0.93
Dec 2024 424734.0595675138 0.08 1.04
Jan 2025 424683.1324277337 -0.01 0.99
Feb 2025 423907.27201185323 -0.18 0.62
Mar 2025 422058.4785440835 -0.44 -0.25
Apr 2025 420380.73317536357 -0.40 -1.04
May 2025 418833.18927597353 -0.37 -1.65
Jun 2025 417596.13383669493 -0.29 -1.95
Jul 2025 416236.05101386434 -0.33 -2.21
Aug 2025 414789.1523628775 -0.35 -2.45
Sep 2025 413554.21848563245 -0.30 -2.64
Oct 2025 412210.4148745804 -0.32 -2.88
Nov 2025 411084.213438071 -0.27 -3.13
Dec 2025 410012.21237168234 -0.26 -3.47
Jan 2026 409553.6101668377 -0.11 -3.56
Feb 2026 409451.75016696245 -0.02 -3.41