Home Values

Butte County 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

$224,400

  • 6.6% 1-year change
  • 3.7% 1-year forecast

The median home value in Butte County is $224,400. Butte County home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Butte County is $151, which is the same as the Chico Metro average of $151. The median price of homes currently listed in Butte County is $240,000 while the median price of homes that sold is $230,600. The median rent price in Butte County is $895, which is the same as the Chico Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Butte County 4.8 homes are foreclosed (per 10,000). This is the same as the Chico Metro value of 4.8 and also greater than the national value of 4.2

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 Butte County is 4.4%, 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 Butte County homeowners underwater on their mortgage is 19.2%, which is the same as Chico Metro at 19.2%.

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Relative ZHVI
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Butte County Market Overview

Data through Nov 30, 2014
  • $224,400 ZHVI
  • 3.7% 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
    (Nov 30, 2015)
  • $240,000 Median listing price
  • $230,600 Median sale price
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Butte County Market Health

Data through Nov 30, 2014
  • 3.8/10 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.
  • 76 Average days on Zillow (Oct 31, 2014)
  • 19.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.8 homes Butte County
4.8 homes Chico Metro
4.2 homes United States
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Cities in Butte County

Name Median ZHVI
Durham $387,300
Forest Ranch $276,800
Chico $268,200
Name Median ZHVI
Paradise $197,200
Berry Creek $174,000
Magalia $163,100
Name Median ZHVI
Oroville $161,300
 
 

Listings & Sales

Data through Nov 30, 2014
  • $151 Median list price / sq ft
  • $157 Median sale price / sq ft
  • No data Listings with price cut
21.3%
Sold below listing
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Butte County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,235 Butte County
    $1,235 Chico Metro
    $1,342 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)
  • $895 Rent list price
  • $0.89 Rent list price / sq ft
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