Cherrylog Home Prices & Values

$166,400 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

  • 5.1% 1-year change
  • No data 1-year forecast

The median home value in Cherrylog is $166,400. Cherrylog home values have gone up 5.1% over the past year. The median price of homes currently listed in Cherrylog is $179,900.

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 Cherrylog is 0.0%, 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 Cherrylog homeowners underwater on their mortgage is 12.4%, which is lower than Gilmer County at 13.5%.

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Relative ZHVI
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Cherrylog Market Overview

Data through Aug 31, 2014
  • $166,400 ZHVI
  • No data 1-yr forecast
  • $179,900 Median listing price
  • No data Median sale price
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Cherrylog Market Health

Data through Aug 31, 2014
  • 5.7/10 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
  • 12.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Suches $173,500 Blairsville $164,700 Morganton $161,900
Ellijay $161,400 Blue Ridge $144,900 Mineral Bluff $144,100
Copperhill $110,100    

Listings & Sales

Data through Aug 31, 2014
  • $143 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.8% Listings with price cut
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Cherrylog 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
$1,040 Cherrylog
$1,079 Gilmer County
$1,328 United States
  • 1.5 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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