Home Values

75216 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in 75216 is $37, which is lower than the Dallas average of $144. The median price of homes currently listed in 75216 is $44,400 while the median price of homes that sold is $55,851.

Foreclosures will be a factor impacting home values in the next several years. In 75216 10.2 homes are foreclosed (per 10,000). This is greater than the Dallas value of 5.1 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 75216 is 7.3%, 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 75216 homeowners underwater on their mortgage is 25.0%, which is higher than Dallas at 14.3%.

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Relative ZHVI
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75216 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $44,400 Median listing price
  • $55,851 Median sale price
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75216 Market Health

Data through Aug 31, 2014
  • 0.5/10 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
  • 25.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.2 homes 75216
5.1 homes Dallas
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI
75202 $159,700
75208 $143,800
75224 $88,200
Name Median ZHVI
75241 $59,400
 
 

Listings & Sales

Data through Aug 31, 2014
  • $37 Median list price / sq ft
  • $51 Median sale price / sq ft
  • 30.8% Listings with price cut
11.1%
Sold below listing
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75216 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $862 75216
    $1,226 Dallas
    $1,328 United States

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

  • 0.6 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 data Rent list price
  • $0.77 Rent list price / sq ft
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