44127 Home Prices & Values

$39,700 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

  • 2.8% 1-year change
  • 2.3% 1-year forecast

The median home value in 44127 is $39,700. 44127 home values have gone up 2.8% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 44127 is $32, which is lower than the Cleveland average of $49. The median price of homes currently listed in 44127 is $44,500 while the median price of homes that sold is $75,000. The median rent price in 44127 is $650, which is the same as the Cleveland median of $650.

Foreclosures will be a factor impacting home values in the next several years. In 44127 7.1 homes are foreclosed (per 10,000). This is greater than the Cleveland value of 6.7 and also greater 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 44127 is 12.0%, which is higher 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 44127 homeowners underwater on their mortgage is 26.7%, which is lower than Cleveland at 37.9%.

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Relative ZHVI
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44127 Market Overview

Data through Aug 31, 2014
  • $39,700 ZHVI
  • 2.3% 1-yr forecast What's This?  
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    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)
  • $44,500 Median listing price
  • No recent data Median sale price
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44127 Market Health

Data through Aug 31, 2014
  • 0.7/10 Less 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
  • 26.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.1 homes 44127
6.7 homes Cleveland
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
44106 $90,700 44113 $71,300 44109 $61,200
44103 $48,500 44104 $45,100 44105 $41,700

Listings & Sales

Data through Aug 31, 2014
  • $32 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 19.2% Listings with price cut
27.3%
Sold below listing
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44127 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
$810 44127
$880 Cleveland
$1,328 United States
  • 0.6 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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