Home Values

Boone 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

$202,400

  • 0.1% 1-year change
  • None 1-year forecast

The median home value in Boone is $202,400. Boone home values have gone up 0.1% over the past year. The median list price per square foot in Boone is $176, which is higher than the Boone Metro average of $172. The median price of homes currently listed in Boone is $299,900 while the median price of homes that sold is $232,525.

Foreclosures will be a factor impacting home values in the next several years. In Boone 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Boone is 1.2%, which is lower than the national value of 6.4%. 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 Boone homeowners underwater on their mortgage is 13.9%.

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Relative ZHVI
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Boone Market Overview

Data through Jan 31, 2015
  • $202,400 ZHVI
  • No data 1-yr forecast
  • $299,900 Median listing price
  • $232,525 Median sale price
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Boone Market Health

Data through Jan 31, 2015
  • 3.6/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 13.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes Boone
4 homes United States
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Nearby Cities

Name Median ZHVI
Blowing Rock $317,800
Seven Devils $209,500
Beech Mountain $192,100
Name Median ZHVI
Vilas $190,200
Todd $185,600
Sugar Grove $174,600
Name Median ZHVI
Deep Gap $170,200
Zionville $154,800
 

Listings & Sales

Data through Jan 31, 2015
  • $176 Median list price / sq ft
  • $136 Median sale price / sq ft
  • No data Listings with price cut
34.9%
Sold below listing
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Boone Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,260 Boone
    $1,268 Boone Metro
    $1,350 United States

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

  • 2.9 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
  • $1.17 Rent list price / sq ft
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