Home Values

44119 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

$60,000

  • -1.3% 1-year change
  • -0.7% 1-year forecast

The median home value in 44119 is $60,000. 44119 home values have declined -1.3% over the past year and Zillow predicts they will fall -0.7% within the next year. The median list price per square foot in 44119 is $43, which is lower than the Cleveland average of $45. The median price of homes currently listed in 44119 is $57,000 while the median price of homes that sold is $56,000. The median rent price in 44119 is $800, which is higher than the Cleveland median of $650.

Foreclosures will be a factor impacting home values in the next several years. In 44119 23.5 homes are foreclosed (per 10,000). This is greater than the Cleveland value of 15.1 and also 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 44119 is 11.5%, which is higher 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 44119 homeowners underwater on their mortgage is 47.8%, which is higher than Cleveland at 37.3%.

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Relative ZHVI
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44119 Market Overview

Data through Jan 31, 2015
  • $60,000 ZHVI
  • -0.7% 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)
  • $57,000 Median listing price
  • No recent data Median sale price
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44119 Market Health

Data through Jan 31, 2015
  • 0.0/10 Less 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
  • 47.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

23.5 homes 44119
15.1 homes Cleveland
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
44143 $168,800
44092 $115,900
44121 $81,400
Name Median ZHVI
44117 $74,300
44132 $65,900
44123 $60,200
Name Median ZHVI
44112 $54,300
44110 $42,600
44108 $40,500

Listings & Sales

Data through Jan 31, 2015
  • $43 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
21.4%
Sold below listing
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44119 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $934 44119
    $877 Cleveland
    $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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $800 Rent list price
  • $0.74 Rent list price / sq ft
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