Home Values

Bay Village 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

$202,700

  • 1.8% 1-year change
  • 2.5% 1-year forecast

The median home value in Bay Village is $202,700. Bay Village home values have gone up 1.8% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Bay Village is None. The median rent price in Bay Village is $1,395, which is higher than the Cleveland Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Bay Village 2.0 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 5.2 and also lower than the national value of 3.0

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 Village is 3.9%, which is lower than the national value of 6.3%. 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 Village homeowners underwater on their mortgage is 8.1%, which is lower than Cleveland Metro at 21.4%.

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Relative ZHVI
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Bay Village Market Overview

Data through Mar 31, 2015
  • $202,700 ZHVI
  • 2.5% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $163,824 Median sale price (Jan 31, 2015)
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Bay Village Market Health

Data through Mar 31, 2015
  • 7.6/10 Very 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
  • 8.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2 homes Bay Village
5.2 homes Cleveland Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Avon $239,500
Westlake $215,300
Rocky River $202,900
Name Median ZHVI
Avon Lake $192,500
Sheffield $155,100
Fairview Park $130,400
Name Median ZHVI
North Olmsted $129,900
Lakewood $122,900
Brook Park $98,100

Listings & Sales

Data through Jan 31, 2015
  • No recent data Median list price / sq ft
  • $116 Median sale price / sq ft
  • No data Listings with price cut
23.2%
Sold below listing
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Bay Village Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,755 Bay Village
    $1,164 Cleveland Metro
    $1,362 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,395 Rent list price
  • $1.14 Rent list price / sq ft
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