Market Overview
Home Prices in Balsam Grove, NC
The median home value in Balsam Grove, NC is $325,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Balsam Grove are priced21% below average. Balsam Grove is part of the Brevard, NC metro area.
Over the past five years, Balsam Grove home values have risen by approximately27.0%, reflecting strong long-term appreciation in this market.
Price History
Balsam Grove Home Price Trend
City Comparison
Balsam Grove vs. National Median
At $325,949, homes in Balsam Grove cost 21% below the national median of $410,000. This makes Balsam Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Balsam Grove?
20% Down Payment
$65,190
on $325,949
Monthly P&I
$1,700/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,159/mo
incl. taxes & insurance
Income Needed
$86,360
gross annual (30% rule)
10% Down Option
$32,595
+ PMI applies
Loan Amount (20% dn)
$260,759
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 Balsam Grove, NC?
The median home value in Balsam Grove is $325,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Balsam Grove?
Over the past year, home values in Balsam Grove have decreased by 0.3%. Over five years, prices have risen approximately 27.0%.
How much do I need to earn to buy a home in Balsam Grove?
To comfortably afford the median home price of $325,949 with a 20% down payment ($65,190) at today's rates (6.8%), you'd need a gross annual income of approximately $86,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Balsam Grove compare to the national average home price?
The national median home value is approximately $410,000. At $325,949, homes in Balsam Grove are 21% below the national average.
What metro area is Balsam Grove part of?
Balsam Grove is part of the Brevard, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.