Home Values

61008 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

$116,900

  • 3.9% 1-year change
  • 6.6% 1-year forecast

The median home value in 61008 is $116,900. 61008 home values have gone up 3.9% over the past year and Zillow predicts they will rise 6.6% within the next year. The median list price per square foot in 61008 is $74, which is the same as the Belvidere average of $74. The median price of homes currently listed in 61008 is $135,000 while the median price of homes that sold is $130,750.

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 61008 homeowners underwater on their mortgage is 34.5%, which is lower than Belvidere at 34.9%.

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Relative ZHVI
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61008 Market Overview

Data through Feb 28, 2015
  • $116,900 ZHVI
  • 6.6% 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
    (Feb 29, 2016)
  • $135,000 Median listing price
  • $130,750 Median sale price (Dec 31, 2014)
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61008 Market Health

Data through Feb 28, 2015
  • 0.9/10 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.
  • No data Average days on Zillow
  • 34.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
61011 $184,400
60145 $153,900
61016 $140,300
Name Median ZHVI
60146 $129,100
61114 $128,700
61012 $116,100
Name Median ZHVI
61065 $112,100
61107 $100,900
61108 $75,100

Listings & Sales

Data through Feb 28, 2015
  • $74 Median list price / sq ft
  • $68 Median sale price / sq ft (Jan 31, 2015)
  • 16.5% Listings with price cut
59.8%
Sold below listing
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61008 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,296 61008
    $1,296 Belvidere
    $1,355 United States

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

  • 1.0 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 data Rent list price
  • No recent data Rent list price / sq ft
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