ZIP Code Market Report
28622 — Elk Park, NC
Data through February 2026 · Updated monthly
Avg Home Value
$296,251
▼ 6.2% year-over-year
Month-over-Month
-0.1%
▼ 0.1%
Single Family
$292,356
Condo / Co-op
--
The average home value in the 28622 ZIP code (Elk Park, NORTH-CAROLINA) is $296,251 as of February 2026. Home prices are declining, down 6.2% compared to last year.
A 3-bedroom home in 28622 is valued at $294,048.
The market in 28622 has a $561,865 spread between bottom-tier homes at $155,395 and top-tier homes at $717,260. 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 Avery 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 Avery County report.
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Market Snapshot
28622 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 | $299,599 | $296,647 | $296,251 | ▼ 1.1% |
| Single Family Value | $294,526 | $292,633 | $292,356 | ▼ 0.7% |
Home Values
28622 Home Value Trend
Historical home values for ZIP code 28622. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 28622
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $250,070 |
| 3 Bedrooms | $294,048 |
Property Types
Home Values by Property Type in 28622
How different property types compare in this ZIP code.
All Homes
$296,251
Single Family
$292,356
Bottom Tier
$155,395
Top Tier
$717,260
Data Sources and Methodology
Home value data for ZIP code 28622 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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