Home Values

Chico 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

$277,000

  • 5.5% 1-year change
  • 3.8% 1-year forecast

The median home value in Chico is $277,000. Chico home values have gone up 5.5% over the past year and Zillow predicts they will rise 3.8% within the next year. The median rent price in Chico is $950, which is higher than the Chico Metro median of $935.

Foreclosures will be a factor impacting home values in the next several years. In Chico 1.5 homes are foreclosed (per 10,000). This is lower than the Chico Metro value of 3.9 and also lower than the national value of 3.5

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 Chico is 2.6%, 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 Chico homeowners underwater on their mortgage is 13.3%, which is lower than Chico Metro at 16.5%.

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Relative ZHVI
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Chico Market Overview

Data through May 31, 2015
  • $277,000 ZHVI
  • 3.8% 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
    (May 31, 2016)
  • No data Median listing price
  • $278,500 Median sale price
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Chico Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 13.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1 Chico
4 Chico Metro
4 United States
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Nearby Cities

Name Median ZHVI
Durham $342,100
Forest Ranch $230,700
Paradise $182,100
Name Median ZHVI
Magalia $158,600
Oroville $143,500
Corning $120,400
Name Median ZHVI
Los Molinos $99,400
 
 

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $177 Median sale price / sq ft
  • No data Listings with price cut
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Chico Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,401 Chico
    $1,299 Chico Metro
    $1,367 United States

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

  • 6.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $950 Rent list price
  • $1.09 Rent list price / sq ft
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