92407 Home Prices & Values

$231,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 24.1% 1-year change
  • 12.8% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 92407 is $231,600. 92407 home values have gone up 24.1% over the past year and Zillow predicts they will rise 12.8% within the next year. The median list price per square foot in 92407 is $152, which is lower than the Riverside Metro average of $165. The median price of homes currently listed in 92407 is $275,000 while the median price of homes that sold is $248,700. The median rent price in 92407 is $1,540, which is higher than the Riverside Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In 92407 5.0 homes are foreclosed (per 10,000). This is greater than the Riverside Metro value of 4.2 and also greater than the national value of 4.3

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 92407 is 8.5%, 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 92407 homeowners underwater on their mortgage is 22.7%, which is higher than Riverside Metro at 18.0%.

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Relative ZHVI
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92407 Market Overview

Data through Aug 31, 2014
  • $231,600 ZHVI
  • 12.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $275,000 Median listing price
  • $248,700 Median sale price
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92407 Market Health

Data through Aug 31, 2014
  • 5.9/10 Healthy What's This?  
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    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
  • 22.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5 homes 92407
4.2 homes Riverside Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
91739 $548,900 92336 $378,400 92377 $316,000
92335 $253,700 92376 $252,200 92404 $194,700
92325 $171,000 92405 $169,400  

Listings & Sales

Data through Aug 31, 2014
  • $152 Median list price / sq ft
  • $162 Median sale price / sq ft
  • 25.3% Listings with price cut
11.7%
Sold below listing
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92407 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,419 92407
$1,637 Riverside Metro
$1,328 United States
  • 0.6 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,540 Rent list price
  • $1.04 Rent list price / sq ft
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