Home Values

Berea 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

$116,800

  • 0.3% 1-year change
  • 2.4% 1-year forecast

The median home value in Berea is $116,800. Berea home values have gone up 0.3% over the past year and Zillow predicts they will rise 2.4% within the next year. The median rent price in Berea is $950, which is lower than the Cleveland Metro median of $990.

Foreclosures will be a factor impacting home values in the next several years. In Berea 5.0 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 4.9 and also greater than the national value of 3.5

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 Berea is 3.8%, which is lower than the national value of 6.0%. 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 Berea homeowners underwater on their mortgage is 15.4%, which is lower than Cleveland Metro at 19.9%.

Read more
Relative ZHVI
- +

Berea Market Overview

Data through May 31, 2015
  • $116,800 ZHVI
  • 2.4% 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
    (May 31, 2016)
  • No data Median listing price
  • $103,500 Median sale price (Apr 30, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Berea Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 15.4% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5(Apr 30, 2015) Berea
5 Cleveland Metro
4 United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Westlake $215,300
Rocky River $202,900
Strongsville $177,000
Name Median ZHVI
Olmsted Falls $144,500
Middleburg Heights $138,200
Fairview Park $130,400
Name Median ZHVI
North Olmsted $129,900
Brook Park $98,100
Parma Heights $97,900

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $77 Median sale price / sq ft
  • No data Listings with price cut
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Berea Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,168 Berea
    $1,160 Cleveland Metro
    $1,367 United States

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

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading