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Sarah Mitchell
Compass Real Estate · ZIP 27278
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27278 ZIP Code Housing Market
$515,000median sale price
What is the 27278 housing market like right now?
The median home sale price in ZIP code 27278 is $515,000, down 0.5% year-over-year. Homes sell in an average of 23 days with 117 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 27278 ZIP code a buyer's or seller's market?
ZIP code 27278 is currently a balanced market and homes selling in about 23 days. How we determine this →
What are the latest 27278 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Median list price | $595,000 |
| Year-over-year price change | -0.5% |
| Average days on market | 23 days |
| Active inventory | 117 listings |
| Sale-to-list price ratio | 98.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 27278 zip code, located in Hillsborough, NC, is currently classified as a balanced market. The median sale price stands at $515,000, representing a -0.5% change year over year. Homes in this area spend an average of 23 days on the market before going under contract. There are currently 117 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 27278 sits in the Hillsborough, NC area, roughly 1 miles from downtown Hillsborough. Because home prices are set street by street, this ZIP can move differently from Hillsborough's citywide averages. The figures below reflect 27278 specifically — drawn from Redfin transactions, U.S. Census data for its 27,925 residents, and Zillow value estimates.
Homes sold
102
Last 12 weeks
Days on market
23
Average pace
Active listings
117
Sale-to-list
98.9%
Below asking
What is driving the 27278 housing market?
The 27278 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 27278 have declined -0.5% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 27278 stands at $480,971, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,457 per month. This gives a price-to-rent ratio of approximately 27.5, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 27278?
Population
27,925
Median income
$105,887/yr
Median age
44.3 years
Owner-occupied
77.6%
College grads
55.7%
Avg commute
23.81 min
What is it like living in 27278?
Zip code 27278 is home to approximately 27,925 residents. The median household income is $105,887 per year, which shapes the types of homes and amenities available in the area. With a median age of 44.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 77.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 55.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.81 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 27278.
Which public schools serve ZIP 27278?
12 schools tracked · 6,735 students
The largest public schools serving ZIP code 27278 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Orange High
Grades 9-12 · 1,220 students
Cedar Ridge High
Grades 9-12 · 1,118 students
Eno River Academy
Grades K-12 · 810 students
A L Stanback Middle
Grades 6-8 · 625 students
River Park Elementary
Grades PK-5 · 555 students
Orange Middle
Grades 6-8 · 529 students
Hillsborough Elementary
Grades PK-5 · 434 students
Grady Brown Elementary
Grades PK-5 · 401 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 27278
What is the median home price in 27278?
The current median sale price in 27278 is $515,000, based on recent Redfin transaction data. Prices have changed -0.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 27278 a buyer's or seller's market?
The 27278 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 27278?
Zip code 27278 has a population of approximately 27,925 residents. The median household income is $105,887 per year. About 77.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 27278?
Properties Incorporated provides comprehensive data for 27278 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 27278 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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