Home Values

48187 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

$212,800

  • 7.2% 1-year change
  • 3.9% 1-year forecast

Market Temperature

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

Very Hot

Buyers' Market
Sellers' Market

The median home value in 48187 is $212,800. 48187 home values have gone up 7.2% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 48187 is $126, which is higher than the Canton average of $122. The median price of homes currently listed in 48187 is $220,000 while the median price of homes that sold is $206,480. The median rent price in 48187 is $1,375, which is lower than the Canton median of $1,485.

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 48187 is 2.1%, 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 48187 homeowners underwater on their mortgage is 9.7%, which is lower than Canton at 11.7%.

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Relative ZHVI
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48187 Market Overview

Data through Dec 31, 2014
  • $212,800 ZHVI
  • 3.9% 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
    (Dec 31, 2015)
  • $220,000 Median listing price
  • $206,480 Median sale price
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48187 Market Health

Data through Dec 31, 2014
  • 8.6/10 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
  • 9.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
48168 $399,400
48167 $282,100
48170 $262,200
Name Median ZHVI
48188 $218,100
48150 $138,300
48185 $108,100
Name Median ZHVI
48186 $87,600
48198 $84,100
48184 $63,700

Listings & Sales

Data through Dec 31, 2014
  • $126 Median list price / sq ft
  • $113 Median sale price / sq ft
  • 21.5% Listings with price cut
20.9%
Sold below listing
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48187 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,515 48187
    $1,519 Canton
    $1,345 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,375 Rent list price
  • $0.92 Rent list price / sq ft
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