Market Overview
Home Prices in Ellerbe, NC
The median home value in Ellerbe, NC is $144,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ellerbe are priced65% below average. Ellerbe is part of the Rockingham, NC metro area.
Over the past five years, Ellerbe home values have risen by approximately19.1%, reflecting steady appreciation in this market.
Price History
Ellerbe Home Price Trend
City Comparison
Ellerbe vs. National Median
At $144,856, homes in Ellerbe cost 65% below the national median of $410,000. This makes Ellerbe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ellerbe?
20% Down Payment
$28,971
on $144,856
Monthly P&I
$755/mo
30-yr @ 6.8%
Total Monthly Est.
~$959/mo
incl. taxes & insurance
Income Needed
$38,360
gross annual (30% rule)
10% Down Option
$14,486
+ PMI applies
Loan Amount (20% dn)
$115,885
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 Ellerbe, NC?
The median home value in Ellerbe is $144,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Ellerbe?
Over the past year, home values in Ellerbe have decreased by 0.6%. Over five years, prices have risen approximately 19.1%.
How much do I need to earn to buy a home in Ellerbe?
To comfortably afford the median home price of $144,856 with a 20% down payment ($28,971) at today's rates (6.8%), you'd need a gross annual income of approximately $38,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Ellerbe compare to the national average home price?
The national median home value is approximately $410,000. At $144,856, homes in Ellerbe are 65% below the national average.
What metro area is Ellerbe part of?
Ellerbe is part of the Rockingham, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.