51503 Home Prices & Values

$151,100 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

  • 2.7% 1-year change
  • 3.6% 1-year forecast

Market Temperature: Very ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 51503 is $151,100. 51503 home values have gone up 2.7% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in 51503 is $100, which is higher than the Council Bluffs average of $95. The median price of homes currently listed in 51503 is $165,000 while the median price of homes that sold is $151,875. The median rent price in 51503 is $709, which is the same as the Council Bluffs median of $709.

Foreclosures will be a factor impacting home values in the next several years. In 51503 0.4 homes are foreclosed (per 10,000). This is greater than the Council Bluffs value of 0.2 and also lower 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 51503 is 6.2%, 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 51503 homeowners underwater on their mortgage is 14.0%, which is lower than Council Bluffs at 16.8%.

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Relative ZHVI
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51503 Market Overview

Data through Jul 31, 2014
  • $151,100 ZHVI
  • 3.6% 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)
  • $165,000 Median listing price
  • $151,875 Median sale price
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51503 Market Health

Data through Jul 31, 2014
  • 6.6/10 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
  • 14.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
68102 $188,900 51576 $171,300 68005 $123,400
51510 $98,900 51501 $87,300  

Listings & Sales

Data through Jul 31, 2014
  • $100 Median list price / sq ft
  • $84 Median sale price / sq ft (Jun 30, 2014)
  • 44.9% Listings with price cut
18.0%
Sold below listing
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51503 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
$1,171 51503
$1,042 Council Bluffs
$1,318 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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