Market Overview
Home Prices in Terrell, NC
The median home value in Terrell, NC is $531,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terrell are priced30% above average. Terrell is part of the Hickory-Lenoir-Morganton, NC metro area.
Over the past five years, Terrell home values have risen by approximately32.4%, reflecting strong long-term appreciation in this market.
Price History
Terrell Home Price Trend
City Comparison
Terrell vs. National Median
At $531,025, homes in Terrell cost 30% above the national median of $410,000. Buyers in Terrell should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Terrell?
20% Down Payment
$106,205
on $531,025
Monthly P&I
$2,770/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,518/mo
incl. taxes & insurance
Income Needed
$140,720
gross annual (30% rule)
10% Down Option
$53,103
+ PMI applies
Loan Amount (20% dn)
$424,820
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 Terrell, NC?
The median home value in Terrell is $531,025 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 Terrell?
Over the past year, home values in Terrell have decreased by 0.3%. Over five years, prices have risen approximately 32.4%.
How much do I need to earn to buy a home in Terrell?
To comfortably afford the median home price of $531,025 with a 20% down payment ($106,205) at today's rates (6.8%), you'd need a gross annual income of approximately $140,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Terrell compare to the national average home price?
The national median home value is approximately $410,000. At $531,025, homes in Terrell are 30% above the national average.
What metro area is Terrell part of?
Terrell is part of the Hickory-Lenoir-Morganton, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.