Belvidere Home Prices & Values

$118,500 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

  • 5.9% 1-year change
  • 6.0% 1-year forecast

The median home value in Belvidere is $118,500. Belvidere home values have gone up 5.9% over the past year and Zillow predicts they will rise 6.0% within the next year. The median list price per square foot in Belvidere is $77, which is higher than the Rockford Metro average of $75. The median price of homes currently listed in Belvidere is $139,900 while the median price of homes that sold is $121,050.

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 Belvidere is 6.1%, 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 Belvidere homeowners underwater on their mortgage is 34.8%, which is higher than Rockford Metro at 29.5%.

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Relative ZHVI
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Belvidere Market Overview

Data through Aug 31, 2014
  • $118,500 ZHVI
  • 6.0% 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

    (Aug 31, 2015)
  • $139,900 Median listing price
  • $121,050 Median sale price
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Belvidere Market Health

Data through Aug 31, 2014
  • 2.4/10 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
  • 34.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Marengo $176,200 Kingston $170,500 Genoa $150,500
Cherry Valley $146,700 Kirkland $143,400 Capron $130,400
Poplar Grove $123,300 Machesney Park $93,800 Loves Park $91,300

Listings & Sales

Data through Aug 31, 2014
  • $77 Median list price / sq ft
  • $76 Median sale price / sq ft
  • 42.7% Listings with price cut
45.4%
Sold below listing
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Belvidere Rentals

Data through Aug 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
$1,269 Belvidere
$1,072 Rockford Metro
$1,328 United States
  • 1.0 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, 2014)
  • No data Rent list price
  • $0.86 Rent list price / sq ft (Jul 31, 2014)
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