Market Overview
Home Prices in Advance, NC
The median home value in Advance, NC is $415,146 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Advance are priced1% above average. Advance is part of the Winston-Salem, NC metro area.
Over the past five years, Advance home values have risen by approximately26.8%, reflecting strong long-term appreciation in this market.
Price History
Advance Home Price Trend
City Comparison
Advance vs. National Median
At $415,146, homes in Advance cost 1% above the national median of $410,000. Buyers in Advance should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Advance?
20% Down Payment
$83,029
on $415,146
Monthly P&I
$2,165/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,750/mo
incl. taxes & insurance
Income Needed
$110,000
gross annual (30% rule)
10% Down Option
$41,515
+ PMI applies
Loan Amount (20% dn)
$332,117
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Advance, NC?
The median home value in Advance is $415,146 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Advance?
Over the past year, home values in Advance have increased by 2.5%. Over five years, prices have risen approximately 26.8%.
How much do I need to earn to buy a home in Advance?
To comfortably afford the median home price of $415,146 with a 20% down payment ($83,029) at today's rates (6.8%), you'd need a gross annual income of approximately $110,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Advance compare to the national average home price?
The national median home value is approximately $410,000. At $415,146, homes in Advance are 1% above the national average.
What metro area is Advance part of?
Advance is part of the Winston-Salem, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.