Smithfield 27577

Raleigh-Cary, NC · Johnston County, NC · 12,185 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

47affordability /100

Buyer leverage is buyer advantage; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
31.9%
stretched
Days on market
101
daily
Price cuts
32.8%
of active
Valuation
-69.6%
vs assessor
Look up an address
44
/100
Mixed
stable · buyer advantage · prices easing year-over-year.
Price trend
35
Affordability
65
Valuation
20
Economic health
47

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

54/ 100SellerBalancedBuyer
Balanced Market
Needs 6% correction for affordability
DOM: 107d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)25
Cancellation Rate (10%)100
Days on Market (5%)100

Balanced market in 27577. List price is roughly fair — focus on condition and value. Payment burden: 31.9% of median income. Median days on market: 107. Renting is approximately 13% cheaper than buying (price-to-rent ratio: 13.6).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLEBUYER ADVANTAGE

Market is holding steady with balanced conditions. Buyers have strong negotiating leverage.

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Market snapshoteach number, once

Median price
$295,856
▾ 0.2% YoY
Days on market
101
daily · zip_data
Median rent
$1,812
ZORI
Investor score
76/100
cash-flow lens
Active listings
197
90-day

Valuation3 lenses, different anchors

vs assessor
-69.6%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$90,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+65.7%
County-wide market — the widest, slowest signal.
Johnston+65.7%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$164
Price-to-income5.3×

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How 27577 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity22%
Supply tightness0%
Affordability24%
Investment yield86%
Appreciation26%

Affordability, supply & momentum

13SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply25.3 mo
Days on Market101d
Inv vs History+2.0%
Listing Density20.6/1k
Affordability — payment burden
Monthly payment (P&I)$1,494
Payment burden31.9%
Median income · ZIP$56,237
Mortgage rate6.49% · 30yr
Total monthly own$1,790
Monthly rent$1,812
Market dynamics
Price cut %32.8%
Momentumstable
LeverageBUYER ADVANTAGE
Months of supply25.3
Sales (90d)0
Investment analysis
Median rent$1,812
Price-to-rent13.6
Est. cap rate4.8%
Buy vs rentfavors buying

Livability

Walk score6
Transit score—
Bike score—

Historical trends

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Johnston County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Raleigh Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Johnston County