Colora Home Prices & Values

$214,700 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

  • -3.8% 1-year change
  • -1.0% 1-year forecast

The median home value in Colora is $214,700. Colora home values have declined -3.8% over the past year and Zillow predicts they will fall -1.0% within the next year. The median price of homes currently listed in Colora is $225,000.

Foreclosures will be a factor impacting home values in the next several years. In Colora 9.2 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 3.5 and also greater than the national value of 4.4

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 Colora is 7.5%, 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 Colora homeowners underwater on their mortgage is 16.7%, which is lower than Philadelphia Metro at 20.1%.

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Relative ZHVI
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Colora Market Overview

Data through Jul 31, 2014
  • $214,700 ZHVI
  • -1.0% 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

    (Jul 31, 2015)
  • $225,000 Median listing price (Jun 30, 2014)
  • No data Median sale price
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Colora Market Health

Data through Jul 31, 2014
  • 0.1/10 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
  • 16.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.2 homes(Jun 30, 2014) Colora
3.5 homes Philadelphia Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Darlington $239,700 Havre de Grace $237,800 West Nottingham Township $229,500
Little Britain Township $223,700 Rising Sun $217,600 Conowingo $217,400
Port Deposit $213,500 Perryville $195,800 Fulton $194,500

Listings & Sales

Data through Jun 30, 2014
  • $129 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
5.3%
Sold below listing
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Colora Rentals

Data through Jul 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
$1,454 Colora
$1,543 Philadelphia Metro
$1,318 United States
  • 4.0 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, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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