Home Values

92308 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

$178,900

  • 15.2% 1-year change
  • 9.1% 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

Cool

Buyers' Market
Sellers' Market

The median home value in 92308 is $178,900. 92308 home values have gone up 15.2% over the past year and Zillow predicts they will rise 9.1% within the next year. The median list price per square foot in 92308 is $114, which is higher than the Apple Valley average of $111. The median price of homes currently listed in 92308 is $194,700 while the median price of homes that sold is $166,200. The median rent price in 92308 is $995, which is higher than the Apple Valley median of $850.

Foreclosures will be a factor impacting home values in the next several years. In 92308 3.5 homes are foreclosed (per 10,000). This is lower than the Apple Valley value of 5.5 and also lower 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 92308 is 7.2%, which is higher 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 92308 homeowners underwater on their mortgage is 24.4%, which is higher than Apple Valley at 24.2%.

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Relative ZHVI
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92308 Market Overview

Data through Dec 31, 2014
  • $178,900 ZHVI
  • 9.1% 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)
  • $194,700 Median listing price
  • $166,200 Median sale price
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92308 Market Health

Data through Dec 31, 2014
  • 6.6/10 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
  • 24.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.5 homes 92308
5.5 homes Apple Valley
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
92352 $336,000
92307 $202,800
92345 $179,300
Name Median ZHVI
92395 $173,200
92325 $165,300
92382 $159,500
Name Median ZHVI
92391 $152,700
92341 $143,400
92321 $133,500

Listings & Sales

Data through Dec 31, 2014
  • $114 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 19.6% Listings with price cut
16.6%
Sold below listing
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92308 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,140 92308
    $1,191 Apple Valley
    $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

  • 0.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price
  • $0.72 Rent list price / sq ft
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