Home Values

Burton 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

$145,600

  • 6.5% 1-year change
  • 2.0% 1-year forecast

The median home value in Burton is $145,600. Burton home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.0% within the next year. The median price of homes currently listed in Burton is $189,900.

Foreclosures will be a factor impacting home values in the next several years. In Burton 11.2 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 Burton is 8.8%, 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 Burton homeowners underwater on their mortgage is 9.8%, which is lower than Cleveland Metro at 20.8%.

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Relative ZHVI
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Burton Market Overview

Data through Oct 31, 2014
  • $145,600 ZHVI
  • 2.0% 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)
  • $189,900 Median listing price
  • No data Median sale price
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Burton Market Health

Data through Oct 31, 2014
  • 5.0/10 Stable
    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
  • 9.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

11.2 homes Burton
5.1 homes Cleveland Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
South Russell $292,100
Novelty $226,700
Hiram $181,300
Name Median ZHVI
Mantua $165,000
Huntsburg $157,800
Garrettsville $152,800
Name Median ZHVI
Montville $151,100
Middlefield $150,100
Chardon $139,900

Listings & Sales

Data through Oct 31, 2014
  • $93 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.6% Listings with price cut
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Burton Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,259 Burton
    $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

  • 2.1 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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