Home Values

Descanso 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

$317,300

  • 3.2% 1-year change
  • 3.3% 1-year forecast

The median home value in Descanso is $317,300. Descanso home values have gone up 3.2% over the past year and Zillow predicts they will rise 3.3% within the next year. The median price of homes currently listed in Descanso is $340,000.

Foreclosures will be a factor impacting home values in the next several years. In Descanso 10.9 homes are foreclosed (per 10,000). This is greater than the San Diego Metro value of 1.7 and also greater than 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 Descanso is 0.0%, 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 Descanso homeowners underwater on their mortgage is 12.2%, which is higher than San Diego Metro at 10.0%.

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Relative ZHVI
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Descanso Market Overview

Data through Sep 30, 2014
  • $317,300 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $340,000 Median listing price
  • No data Median sale price
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Descanso Market Health

Data through Sep 30, 2014
  • 4.3/10 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
  • 12.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.9 homes Descanso
1.7 homes San Diego Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Jamul $612,200
Alpine $489,100
Ramona $434,200
Name Median ZHVI
Santa Ysabel $425,800
Lakeside $411,800
El Cajon $409,300
Name Median ZHVI
Santee $398,500
Julian $273,500
Campo $224,600

Listings & Sales

Data through Sep 30, 2014
  • $215 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.5% Listings with price cut
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Descanso Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,996 Descanso
    $2,252 San Diego Metro
    $1,335 United States

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

  • 1.7 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
  • No data Rent list price / sq ft
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