Market Overview
Home Prices in Balsam, NC
The median home value in Balsam, NC is $283,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.7% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Balsam are priced31% below average. Balsam is part of the Cullowhee, NC metro area.
Over the past five years, Balsam home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Balsam Home Price Trend
City Comparison
Balsam vs. National Median
At $283,816, homes in Balsam cost 31% below the national median of $410,000. This makes Balsam a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Balsam?
20% Down Payment
$56,763
on $283,816
Monthly P&I
$1,480/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,880/mo
incl. taxes & insurance
Income Needed
$75,200
gross annual (30% rule)
10% Down Option
$28,382
+ PMI applies
Loan Amount (20% dn)
$227,053
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, NC?
The median home value in Balsam is $283,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.7% year-over-year.
How much have home prices changed in Balsam?
Over the past year, home values in Balsam have decreased by 6.7%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Balsam?
To comfortably afford the median home price of $283,816 with a 20% down payment ($56,763) at today's rates (6.8%), you'd need a gross annual income of approximately $75,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Balsam compare to the national average home price?
The national median home value is approximately $410,000. At $283,816, homes in Balsam are 31% below the national average.
What metro area is Balsam part of?
Balsam is part of the Cullowhee, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.