Home Values

94089 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

$741,900

  • 16.8% 1-year change
  • 8.4% 1-year forecast

The median home value in 94089 is $741,900. 94089 home values have gone up 16.8% over the past year and Zillow predicts they will rise 8.4% within the next year. The median list price per square foot in 94089 is $500, which is higher than the San Jose Metro average of $456. The median price of homes currently listed in 94089 is $698,000 while the median price of homes that sold is $770,000. The median rent price in 94089 is $2,825, which is higher than the San Jose Metro median of $2,750.

Foreclosures will be a factor impacting home values in the next several years. In 94089 4.1 homes are foreclosed (per 10,000). This is greater than the San Jose Metro value of 0.7 and also greater 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 94089 is 4.9%, which is lower 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 94089 homeowners underwater on their mortgage is 3.1%, which is lower than San Jose Metro at 4.6%.

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Relative ZHVI
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94089 Market Overview

Data through Sep 30, 2014
  • $741,900 ZHVI
  • 8.4% 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
    (Sep 30, 2015)
  • $698,000 Median listing price
  • $770,000 Median sale price
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94089 Market Health

Data through Sep 30, 2014
  • 9.4/10 Very 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
  • 3.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.1 homes 94089
0.7 homes San Jose Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
94087 $1,367,700
94041 $1,209,200
94086 $981,500
Name Median ZHVI
94043 $907,700
95054 $807,700
94085 $730,700
Name Median ZHVI
95134 $663,000
94538 $643,800
94560 $581,700

Listings & Sales

Data through Sep 30, 2014
  • $500 Median list price / sq ft
  • $523 Median sale price / sq ft
  • 12.1% Listings with price cut
5.3%
Sold below listing
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94089 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $3,006 94089
    $3,137 San Jose Metro
    $1,335 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,825 Rent list price
  • $2.75 Rent list price / sq ft
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