Home Values

Brook Park 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

$98,800

  • -0.3% 1-year change
  • 0.7% 1-year forecast

The median home value in Brook Park is $98,800. Brook Park home values have declined -0.3% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Brook Park is $85, which is lower than the Cleveland Metro average of $85. The median price of homes currently listed in Brook Park is $99,900 while the median price of homes that sold is $85,410.

Foreclosures will be a factor impacting home values in the next several years. In Brook Park 6.0 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 5.1 and also greater than the national value of 4.5

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 Brook Park is 7.9%, which is higher 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 Brook Park homeowners underwater on their mortgage is 22.2%, which is higher than Cleveland Metro at 20.8%.

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Relative ZHVI
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Brook Park Market Overview

Data through Oct 31, 2014
  • $98,800 ZHVI
  • 0.7% 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
    (Oct 31, 2015)
  • $99,900 Median listing price
  • $85,410 Median sale price (Sep 30, 2014)
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Brook Park Market Health

Data through Oct 31, 2014
  • 0.7/10 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
  • 22.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6 homes Brook Park
5.1 homes Cleveland Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Rocky River $207,100
Strongsville $183,500
Middleburg Heights $143,200
Name Median ZHVI
Fairview Park $137,600
Lakewood $126,400
Berea $117,700
Name Median ZHVI
Parma Heights $101,200
Parma $94,500
Brooklyn $90,700

Listings & Sales

Data through Oct 31, 2014
  • $85 Median list price / sq ft
  • $79 Median sale price / sq ft (Sep 30, 2014)
  • 48.3% Listings with price cut
29.6%
Sold below listing
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Brook Park Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,094 Brook Park
    $1,154 Cleveland Metro
    $1,337 United States

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

  • 1.3 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 data Rent list price / sq ft
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