ZIP Code Market Report
28740 — Bakersville, NC
Data through February 2026 · Updated monthly
Avg Home Value
$239,493
▼ 7.4% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$238,761
Condo / Co-op
--
The average home value in the 28740 ZIP code (Bakersville, North Carolina) is $239,493 as of February 2026. Home prices are declining, down 7.4% compared to last year.
A 3-bedroom home in 28740 is valued at $284,910.
The market in 28740 has a $270,804 spread between bottom-tier homes at $128,375 and top-tier homes at $399,178. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Yancey County market area in North Carolina. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Yancey County report.
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Market Snapshot
28740 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $240,908 | $240,557 | $239,493 | ▼ 0.6% |
| Single Family Value | $238,085 | $238,217 | $238,761 | ▲ 0.3% |
Home Values
28740 Home Value Trend
Historical home values for ZIP code 28740. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 28740
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $228,182 |
| 3 Bedrooms | $284,910 |
Property Types
Home Values by Property Type in 28740
How different property types compare in this ZIP code.
All Homes
$239,493
Single Family
$238,761
Bottom Tier
$128,375
Top Tier
$399,178
Data Sources and Methodology
Home value data for ZIP code 28740 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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