Market Overview
Home Prices in Cerro Gordo, NC
The median home value in Cerro Gordo, NC is $183,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.6% compared to a year ago and down 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cerro Gordo are priced55% below average.
Price History
Cerro Gordo Home Price Trend
2024
$168,524
$169K
—
2025
$160,121
$160K
-5.0%
2026
$183,471
$183K
+14.6%
City Comparison
Cerro Gordo vs. National Median
🏠 Cerro Gordo
$183,471
National Median
$410,000
At $183,471, homes in Cerro Gordo cost 55% below the national median of $410,000. This makes Cerro Gordo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cerro Gordo?
20% Down Payment
$36,694
on $183,471
Monthly P&I
$957/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,215/mo
incl. taxes & insurance
Income Needed
$48,600
gross annual (30% rule)
10% Down Option
$18,347
+ PMI applies
Loan Amount (20% dn)
$146,777
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 Cerro Gordo, NC?
The median home value in Cerro Gordo is $183,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.6% year-over-year.
How much have home prices changed in Cerro Gordo?
Over the past year, home values in Cerro Gordo have increased by 14.6%.
How much do I need to earn to buy a home in Cerro Gordo?
To comfortably afford the median home price of $183,471 with a 20% down payment ($36,694) at today's rates (6.8%), you'd need a gross annual income of approximately $48,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Cerro Gordo compare to the national average home price?
The national median home value is approximately $410,000. At $183,471, homes in Cerro Gordo are 55% below the national average.