Benicia Home Prices & Values

$495,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.0% 1-year change
  • 8.4% 1-year forecast

The median home value in Benicia is $495,300. Benicia home values have gone up 9.0% over the past year and Zillow predicts they will rise 8.4% within the next year. The median list price per square foot in Benicia is $271, which is higher than the Vallejo Metro average of $193. The median price of homes currently listed in Benicia is $480,000 while the median price of homes that sold is $453,800.

Foreclosures will be a factor impacting home values in the next several years. In Benicia 2.1 homes are foreclosed (per 10,000). This is lower than the Vallejo Metro value of 3.1 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Benicia is 3.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Benicia homeowners underwater on their mortgage is 13.8%, which is lower than Vallejo Metro at 23.4%.

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Relative ZHVI
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Benicia Market Overview

Data through Aug 31, 2014
  • $495,300 ZHVI
  • 8.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $480,000 Median listing price
  • $453,800 Median sale price
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Benicia Market Health

Data through Aug 31, 2014
  • 7.6/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 13.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes Benicia
3.1 homes Vallejo Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Pleasant Hill $600,900 Martinez $456,900 Concord $451,100
Hercules $443,400 American Canyon $420,200 Rodeo $376,100
Crockett $368,600 Fairfield $320,100 Vallejo $249,500

Listings & Sales

Data through Aug 31, 2014
  • $271 Median list price / sq ft
  • $261 Median sale price / sq ft
  • 30.4% Listings with price cut
14.3%
Sold below listing
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Benicia Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,135 Benicia
$1,716 Vallejo Metro
$1,328 United States
  • 1.6 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No data Rent list price
  • $1.39 Rent list price / sq ft
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