Home Values

44304 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$50,200

  • 9.1% 1-year change
  • 2.4% 1-year forecast

The median home value in 44304 is $50,200. 44304 home values have gone up 9.1% over the past year and Zillow predicts they will rise 2.4% within the next year. The median price of homes currently listed in 44304 is $131,900. The median rent price in 44304 is $500, which is lower than the Akron median of $635.

Foreclosures will be a factor impacting home values in the next several years. In 44304 106.4 homes are foreclosed (per 10,000). This is greater than the Akron value of 18.2 and also greater than the national value of 4.0

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 44304 is 6.2%, which is lower than the national value of 6.4%. 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 44304 homeowners underwater on their mortgage is 35.6%, which is higher than Akron at 31.2%.

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Relative ZHVI
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44304 Market Overview

Data through Dec 31, 2014
  • $50,200 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • No recent data Median listing price
  • No data Median sale price
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44304 Market Health

Data through Dec 31, 2014
  • 3.9/10 Less healthy
    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
  • 35.6% Homes with negative equity (16.9% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.4% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

106.4 homes 44304
18.2 homes Akron
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
44303 $133,100
44302 $73,400
44301 $61,100
Name Median ZHVI
44305 $60,800
44310 $58,600
44306 $45,900
Name Median ZHVI
44311 $45,200
44307 $44,700
 
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44304 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $621 44304
    $739 Akron
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $500 Rent list price
  • No recent data Rent list price / sq ft
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