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Thanks to ultra-low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in North Carolina?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in North Carolina is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in North Carolina

Home values have been rising throughout North Carolina and are up 7.11% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $188,200 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home value for North Carolina at $188,200 , a representative monthly mortgage payment would be $865.19.

How the North Carolina housing market stacks up

Asheville, North Carolina, USA at twilight.
Sean Pavone / Shutterstock
Asheville, North Carolina, USA at twilight.

Property values in North Carolina are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in North Carolina, they're expected to rise 1.76%.

Homes are going on the market in North Carolina at a median price of $116 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

North Carolina home prices over the last 10 years

Year Avg. Price
2019* $187,388
2018 $175,975
2017 $164,100
2016 $153,175
2015 $145,867
2014 $141,558
2013 $137,750
2012 $136,000
2011 $137,400
2010 $143,542
2009 $147,408

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in North Carolina is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $290,000
2018 $270,000
2017 $252,500
2016 $237,500
2015 $225,000
2014 $217,500
2013 $212,500
2012 $210,000
2011 $212,500
2010 $222,500
2009 $227,500

*2019 price average through August 2019.