Home Values

Bay Minette 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

$117,900

  • 3.6% 1-year change
  • None 1-year forecast

The median home value in Bay Minette is $117,900. Bay Minette home values have gone up 3.6% over the past year. The median list price per square foot in Bay Minette is $77, which is lower than the Daphne Metro average of $132. The median price of homes currently listed in Bay Minette is $152,000 while the median price of homes that sold is $114,600. The median rent price in Bay Minette is $500, which is lower than the Daphne Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Bay Minette 0.9 homes are foreclosed (per 10,000). This is 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 Bay Minette is 5.0%, 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 Bay Minette homeowners underwater on their mortgage is 15.0%.

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Relative ZHVI
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Bay Minette Market Overview

Data through Jan 31, 2015
  • $117,900 ZHVI
  • No data 1-yr forecast
  • $152,000 Median listing price
  • No recent data Median sale price
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Bay Minette Market Health

Data through Jan 31, 2015
  • 4.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 15.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Spanish Fort $238,100
Daphne $159,600
Loxley $158,300
Name Median ZHVI
Stapleton $155,000
Stockton $139,800
Satsuma $128,900
Name Median ZHVI
Perdido $124,500
Axis $116,900
Creola $114,400

Listings & Sales

Data through Jan 31, 2015
  • $77 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
42.1%
Sold below listing
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Bay Minette Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,117 Bay Minette
    $1,272 Daphne Metro
    $1,350 United States

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

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