The story of this market
The typical home in ZIP 28623 sells for about $399,000, or $202 per square foot.
Prices are down 6.6% from a year ago, which gives buyers more room to negotiate. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $765 a month.
ZIP 28623
The market in 28623 is currently balanced with a median price of $399,000, though this figure is heavily influenced by large land listings. Most specific market metrics for this ZIP are not published independently and are aggregated with the broader Elkin area. The area shows a stable but cautious outlook as housing costs remain a concern for local residents.
Median prices moved down 6.6% year over year.
Homes spend a median of 51 days on market with 4.8 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 98.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 28623
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (North Carolina) — Ad Valorem Property Tax: Tax is calculated by multiplying the assessed value of the property by the combined state and local tax rate. The formula is: Tax = (Assessed Value / 100) * Tax Rate. State (North Carolina) — Tax Lien Attachment: A tax lien attaches to all real property, taking priority over all other liens and encumbrances regardless of when they were created.
Data retrieved from Census ACS 5-year estimates for ZCTA 28623.
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. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.