Belmont Heights Home Prices & Values

$207,700 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

  • 8.6% 1-year change
  • 1.9% 1-year forecast

Market Temperature: CoolWhat's This?
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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 neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Belmont Heights is $207,700. Belmont Heights home values have gone up 8.6% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Belmont Heights is $201, which is higher than the Chicago average of $196. The median price of homes currently listed in Belmont Heights is $245,500 while the median price of homes that sold is $169,000. The median rent price in Belmont Heights is $1,620, which is lower than the Chicago median of $1,700.

Foreclosures will be a factor impacting home values in the next several years. In Belmont Heights 1.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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Relative ZHVI
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Belmont Heights Market Overview

Data through Jul 31, 2014
  • $207,700 ZHVI
  • 1.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $245,500 Median listing price
  • No recent data Median sale price
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Belmont Heights Market Health

Data through Jul 31, 2014
  • 0.9/10 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 days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Schorsch Forest View $291,500 Big Oaks $279,300 Oriole Park $269,700
Schorsch Village $227,400 Belmont Terrace $219,400 Galewood $212,900
Irving Woods $212,300 Montclare $201,500 Dunning $195,200

Listings & Sales

Data through Jul 31, 2014
  • $201 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 45.1% Listings with price cut
33.1%
Sold below listing
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Belmont Heights 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
$1,758 Belmont Heights
$1,701 Chicago
$1,318 United States
  • 3.0 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)
  • $1,620 Rent list price
  • No recent data Rent list price / sq ft
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