Home Values

35007 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

$147,900

  • 4.4% 1-year change
  • 2.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in 35007 is $147,900. 35007 home values have gone up 4.4% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in 35007 is $108, which is higher than the Birmingham Metro average of $96. The median price of homes currently listed in 35007 is $156,500 while the median price of homes that sold is $141,735. The median rent price in 35007 is $1,100, which is higher than the Birmingham Metro median of $850.

Foreclosures will be a factor impacting home values in the next several years. In 35007 9.3 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

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 35007 is 4.8%, 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 35007 homeowners underwater on their mortgage is 14.2%.

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Relative ZHVI
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35007 Market Overview

Data through Oct 31, 2014
  • $147,900 ZHVI
  • 2.2% 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
    (Oct 31, 2015)
  • $156,500 Median listing price
  • $141,735 Median sale price
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35007 Market Health

Data through Oct 31, 2014
  • 2.0/10 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
  • 14.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.3 homes 35007
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
35244 $257,600
35226 $223,200
35043 $216,700
Name Median ZHVI
35114 $188,000
35124 $171,800
35080 $163,700
Name Median ZHVI
35051 $145,400
35040 $130,200
35115 $118,400

Listings & Sales

Data through Oct 31, 2014
  • $108 Median list price / sq ft
  • $105 Median sale price / sq ft
  • 36.6% Listings with price cut
29.0%
Sold below listing
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35007 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,252 35007
    $1,045 Birmingham Metro
    $1,337 United States

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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,100 Rent list price
  • $0.80 Rent list price / sq ft
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