Home Values

Caroline 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

$156,000

  • 2.4% 1-year change
  • 2.4% 1-year forecast

The median home value in Caroline is $156,000. Caroline home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.4% within the next year. The median price of homes currently listed in Caroline is $159,900.

Foreclosures will be a factor impacting home values in the next several years. In Caroline 43.9 homes are foreclosed (per 10,000). This is 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 Caroline is 0.0%, 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 Caroline homeowners underwater on their mortgage is 6.7%.

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Relative ZHVI
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Caroline Market Overview

Data through Jan 31, 2015
  • $156,000 ZHVI
  • 2.4% 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
    (Jan 31, 2016)
  • No recent data Median listing price
  • No data Median sale price
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Caroline Market Health

Data through Jan 31, 2015
  • 8.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 6.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Cayuga Heights $380,700
Northeast Ithaca $251,300
South Hill $219,500
Name Median ZHVI
East Ithaca $217,900
Ithaca $214,700
Town of Dryden $174,400
Name Median ZHVI
Danby $174,200
Town of Spencer $105,900
Town of Newark Valley $98,600

Listings & Sales

  • No data
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Caroline Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,563 Caroline
    $1,663 Ithaca Metro
    $1,350 United States

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

  • 2.3 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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