Market Overview
Home Prices in Red Oak, NC
The median home value in Red Oak, NC is $343,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Red Oak are priced16% below average. Red Oak is part of the Rocky Mount, NC metro area.
Over the past five years, Red Oak home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Red Oak Home Price Trend
City Comparison
Red Oak vs. National Median
At $343,699, homes in Red Oak cost 16% below the national median of $410,000. This makes Red Oak a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Red Oak?
20% Down Payment
$68,740
on $343,699
Monthly P&I
$1,793/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,277/mo
incl. taxes & insurance
Income Needed
$91,080
gross annual (30% rule)
10% Down Option
$34,370
+ PMI applies
Loan Amount (20% dn)
$274,959
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 Red Oak, NC?
The median home value in Red Oak is $343,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Red Oak?
Over the past year, home values in Red Oak have increased by 1.2%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Red Oak?
To comfortably afford the median home price of $343,699 with a 20% down payment ($68,740) at today's rates (6.8%), you'd need a gross annual income of approximately $91,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Red Oak compare to the national average home price?
The national median home value is approximately $410,000. At $343,699, homes in Red Oak are 16% below the national average.
What metro area is Red Oak part of?
Red Oak is part of the Rocky Mount, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.