Home Values

35061 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

$47,600

  • -4.2% 1-year change
  • 2.7% 1-year forecast

The median home value in 35061 is $47,600. 35061 home values have declined -4.2% over the past year and Zillow predicts they will rise 2.7% within the next year. The median price of homes currently listed in 35061 is $42,900.

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 35061 homeowners underwater on their mortgage is 20.2%.

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Relative ZHVI
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35061 Market Overview

Data through Apr 30, 2015
  • $47,600 ZHVI
  • 2.7% 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
    (Apr 30, 2016)
  • No recent data Median listing price
  • No data Median sale price
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35061 Market Health

Data through Apr 30, 2015
  • 2.7/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 20.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
35127 $115,900
35064 $66,900
35211 $52,900
Name Median ZHVI
35228 $52,800
35208 $52,700
35218 $50,500
Name Median ZHVI
35224 $48,200
35020 $43,400
35221 $41,800

Listings & Sales

  • No data
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35061 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $754 35061
    $1,066 Birmingham Metro
    $1,364 United States

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

  • 0.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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