29902 Home Prices & Values

$167,600 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

  • 4.6% 1-year change
  • No data 1-year forecast

The median home value in 29902 is $167,600. 29902 home values have gone up 4.6% over the past year. The median list price per square foot in 29902 is $122, which is lower than the Hilton Head Island Metro average of $175. The median price of homes currently listed in 29902 is $228,900 while the median price of homes that sold is $189,300. The median rent price in 29902 is $1,000, which is lower than the Hilton Head Island Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In 29902 8.9 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 29902 is 6.0%, which is lower than the national value of 7.2%. 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 29902 homeowners underwater on their mortgage is 29.1%.

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Relative ZHVI
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29902 Market Overview

Data through Jun 30, 2014
  • $167,600 ZHVI
  • No data 1-yr forecast
  • $228,900 Median listing price
  • $189,300 Median sale price (May 31, 2014)
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29902 Market Health

Data through Jun 30, 2014
  • 1.7/10 Less 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 of days on Zillow
  • 29.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

8.9 homes 29902
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
29928 $442,700 29926 $380,000 29920 $340,900
29940 $252,200 29909 $244,300 29907 $225,700
29910 $208,200 29906 $152,300 29935 $139,500

Listings & Sales

Data through Jun 30, 2014
  • $122 Median list price / sq ft
  • $125 Median sale price / sq ft (May 31, 2014)
  • 26.1% Listings with price cut
48.1%
Sold below listing
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29902 Rentals

Data through Jun 30, 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
$1,189 29902
$1,488 Hilton Head Island Metro
$1,310 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)
  • $1,000 Rent list price
  • $0.79 Rent list price / sq ft
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