Bay Minette Home Prices & Values

$116,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.3% 1-year change
  • No data 1-year forecast

The median home value in Bay Minette is $116,100. Bay Minette home values have gone up 10.3% over the past year. The median list price per square foot in Bay Minette is $78, which is lower than the Daphne Metro average of $136. The median price of homes currently listed in Bay Minette is $159,900 while the median price of homes that sold is $86,000. The median rent price in Bay Minette is $500, which is lower than the Daphne Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Bay Minette 1.0 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 5.9%, 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 Bay Minette homeowners underwater on their mortgage is 12.5%.

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Relative ZHVI
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Bay Minette Market Overview

Data through Jul 31, 2014
  • $116,100 ZHVI
  • No data 1-yr forecast
  • $159,900 Median listing price
  • $86,000 Median sale price
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Bay Minette Market Health

Data through Jul 31, 2014
  • 6.0/10 Healthy What's This?  
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    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
  • 12.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1 home(Jun 30, 2014) Bay Minette
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Spanish Fort $226,600 Daphne $154,200 Stapleton $152,700
Loxley $147,300 Satsuma $123,700 Perdido $121,500
Axis $111,800 Creola $109,500 Mc David $100,700

Listings & Sales

Data through Jul 31, 2014
  • $78 Median list price / sq ft
  • $64 Median sale price / sq ft
  • 24.4% Listings with price cut
29.1%
Sold below listing
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Bay Minette Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,075 Bay Minette
$1,282 Daphne Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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