Home Values

Cottonwood 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

$191,400

  • 7.8% 1-year change
  • None 1-year forecast

The median home value in Cottonwood is $191,400. Cottonwood home values have gone up 7.8% over the past year. The median list price per square foot in Cottonwood is $122, which is lower than the Redding Metro average of $149. The median price of homes currently listed in Cottonwood is $189,000 while the median price of homes that sold is $192,000. The median rent price in Cottonwood is $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Cottonwood 4.0 homes are foreclosed (per 10,000). This is lower than the Redding Metro value of 5.4 and also the same as 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 Cottonwood is 4.7%, which is lower 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 Cottonwood homeowners underwater on their mortgage is 20.0%, which is higher than Redding Metro at 18.9%.

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Relative ZHVI
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Cottonwood Market Overview

Data through Dec 31, 2014
  • $191,400 ZHVI
  • No data 1-yr forecast
  • $189,000 Median listing price
  • $192,000 Median sale price (Oct 31, 2014)
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Cottonwood Market Health

Data through Dec 31, 2014
  • 4.0/10 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.
  • No data Average days on Zillow
  • 20.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4 homes Cottonwood
5.4 homes Redding Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Palo Cedro $313,200
Redding $224,300
Anderson $174,200
Name Median ZHVI
Shasta Lake $152,100
Red Bluff $150,900
Corning $138,700
Name Median ZHVI
Los Molinos $135,500
 
 

Listings & Sales

Data through Dec 31, 2014
  • $122 Median list price / sq ft
  • $117 Median sale price / sq ft (Oct 31, 2014)
  • 16.8% Listings with price cut
9.1%
Sold below listing
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Cottonwood Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,192 Cottonwood
    $1,254 Redding Metro
    $1,345 United States

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

  • 1.2 Breakeven horizon
    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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