Home Values

Cheat Lake 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

$239,700

  • 3.9% 1-year change
  • 10.8% 1-year forecast

The median home value in Cheat Lake is $239,700. Cheat Lake home values have gone up 3.9% over the past year and Zillow predicts they will rise 10.8% within the next year. The median rent price in Cheat Lake is $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Cheat Lake 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 3.8

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 Cheat Lake is 0.7%, which is lower than the national value of 6.0%. 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 Cheat Lake homeowners underwater on their mortgage is 8.0%.

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Relative ZHVI
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Cheat Lake Market Overview

Data through Jun 30, 2015
  • $239,700 ZHVI
  • 10.8% 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
    (Jun 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Cheat Lake Market Health

Data through Jun 30, 2015
  • 9.8/10 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
  • 8.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 0.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Brookhaven $152,700
Morgantown $149,500
Westover $121,400
Name Median ZHVI
Cassville $112,600
Georges Township $101,600
Springhill $92,100
Name Median ZHVI
Fairchance $90,800
Nicholson Township $84,900
Masontown $69,000

Listings & Sales

  • No data
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Cheat Lake Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,628 Cheat Lake
    $1,153 Morgantown Metro
    $1,369 United States

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

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,600 Rent list price (May 31, 2015)
  • $0.92 Rent list price / sq ft (May 31, 2015)
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