The story of this market
The typical home in ZIP 27507 sells for about $242,643, or $165 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 27507 — Bullock
The 27507 market is a low-volume, rural residential area where price growth is driven by land value and proximity to Kerr Lake rather than urban development. Market activity is minimal, with high months of supply reflecting the niche nature of the properties. Figures for specific metrics like price cuts and sale-to-list ratios are estimated based on regional trends as specific ZIP-level data is not published.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking affordable rural living who are comfortable with long commutes to the Triangle area.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 18.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 4.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 27507, Granville County NC
The area is rural with significant forest cover, presenting standard wildfire risks for the region; flood risk is localized to low-lying areas near Kerr Lake.
Economic momentum is limited, with the area serving primarily as a rural residential and recreational hub near the Virginia border.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (North Carolina) — Tax Lien Attachment: A tax lien attaches to all real property, taking priority over all other liens and encumbrances regardless of when they were created. State (North Carolina) — Ad Valorem Property Tax: Tax is calculated by multiplying the assessed value of the property by the combined state and local tax rate. The formula is: Tax = (Assessed Value / 100) * Tax Rate.
Commutes are long, typically requiring 45-60 minutes to reach employment centers in Durham or the Research Triangle Park.
The area is defined by its proximity to Kerr Lake (John H. Kerr Reservoir), offering extensive boating, fishing, and camping opportunities.
The rental market is thin, consisting primarily of single-family homes and mobile homes with low turnover and limited institutional investment.
The local economy is primarily agricultural and rural-residential, with most residents commuting to larger cities in the Research Triangle for employment.
Public transit is non-existent; the area is entirely dependent on private vehicle travel via NC-96 and US-15.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP.
Granville County performs property assessments on a cyclical basis to determine fair market value for tax purposes.
Parcels are subject to Granville County property taxes and Granville County Public Schools district levies.
Insurance premiums are influenced by rural fire protection ratings and proximity to water bodies.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A massive reservoir providing boating, fishing, and recreation.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.