The story of this market
The typical home in ZIP 27816 sells for about $245,000, or $168 per square foot.
Prices are down 66.6% from a year ago, which gives buyers more room to negotiate. Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 27816 — Lake Royale
The market is stable, serving a rural constituency with limited housing turnover. Current listing price swings are attributed to thin inventory rather than broad economic shifts. Several metrics including closed sales and months of supply are not published at the ZIP level.
Primarily suited for long-term residents, those seeking rural/semi-rural land, and individuals who can accommodate longer commute times to regional job hubs.
Median prices moved down 66.6% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 11.4% — a stable, low-distress profile.
ZCTA 27816, Nash County NC
Local crime trends are not systematically published at the ZIP-level; the area is generally characterized by its rural, low-density profile typical of surrounding Nash County.
Schools serving this ZIP are primarily managed within the Nash County public school system, with ratings generally reflecting moderate performance profiles.
The area is designated as FEMA flood zone X (minimal risk). Natural hazard risk is rated as relatively low, with winter weather and drought identified as the top-rated hazards.
The local economy is driven by service, sales, and blue-collar industries. Development momentum is slow, focused on rural residential growth rather than large-scale infrastructure projects.
Property taxes are assessed primarily by Nash County, with an effective rate of 0.66%. The structure includes county and potential school district levies, with state-level exemptions like homestead or senior credits applicable to qualified homeowners.
Residents primarily commute via personal vehicle, with travel times influenced by the distance to employment centers in Rocky Mount or the Raleigh-Durham metro area.
Recreation is dominated by the surrounding rural landscape, including access to local parks and outdoor activities in Nash County.
Limited rental market depth; housing stock is primarily single-family, owner-occupied dwellings.
Mix of retail, agriculture, and manufacturing/production roles within the local vicinity.
No major corporate relocations or massive mixed-use projects are currently announced within the ZIP borders.
No specific MUD/PID districts frequently attached to parcels here; standard county/school tax jurisdictions apply.
Standard residential property insurance is available; regional risk for climate-related events is categorized as relatively low.
ACS data retrieved for ZCTA 27816.
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.
Access to local parks and rural trails.
Key-figure check: median price diverges 16.7% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $285,990 (16.7% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $285,990 (+16.7% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.