Chico Home Prices & Values

$266,300 Zillow Home Value Index What's This?  
Close

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

  • 5.8% 1-year change
  • 5.6% 1-year forecast

The median home value in Chico is $266,300. Chico home values have gone up 5.8% over the past year and Zillow predicts they will rise 5.6% within the next year. The median list price per square foot in Chico is $179, which is higher than the Chico Metro average of $157. The median price of homes currently listed in Chico is $294,900 while the median price of homes that sold is $283,750. The median rent price in Chico is $1,050, which is higher than the Chico Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Chico 3.2 homes are foreclosed (per 10,000). This is lower than the Chico Metro value of 5.7 and also lower than the national value of 4.3

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 4.5%, 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 Chico homeowners underwater on their mortgage is 14.8%, which is lower than Chico Metro at 19.7%.

more
Relative ZHVI
- +

Chico Market Overview

Data through Aug 31, 2014
  • $266,300 ZHVI
  • 5.6% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $294,900 Median listing price
  • $283,750 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Chico Market Health

Data through Aug 31, 2014
  • 6.0/10 Healthy What's This?  
    Close

    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
  • 14.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.2 homes Chico
5.7 homes Chico Metro
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Durham $341,300 Forest Ranch $251,500 Paradise $190,300
Magalia $163,300 Oroville $151,100  

Listings & Sales

Data through Aug 31, 2014
  • $179 Median list price / sq ft
  • $178 Median sale price / sq ft
  • 38.5% Listings with price cut
22.0%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Chico 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
$1,343 Chico
$1,206 Chico Metro
$1,328 United States
  • 3.6 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,050 Rent list price
  • $1.03 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google