Home Values

Downey 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

$457,800

  • 7.6% 1-year change
  • 1.7% 1-year forecast

Market Temperature

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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Downey is $457,800. Downey home values have gone up 7.6% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Downey is $303, which is lower than the Los Angeles Metro average of $344. The median price of homes currently listed in Downey is $479,000 while the median price of homes that sold is $426,900.

Foreclosures will be a factor impacting home values in the next several years. In Downey 1.7 homes are foreclosed (per 10,000). This is lower than the Los Angeles Metro value of 2.0 and also lower than the national value of 4.5

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 Downey is 8.7%, 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 Downey homeowners underwater on their mortgage is 13.3%, which is higher than Los Angeles Metro at 9.3%.

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Relative ZHVI
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Downey Market Overview

Data through Oct 31, 2014
  • $457,800 ZHVI
  • 1.7% 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
    (Oct 31, 2015)
  • $479,000 Median listing price
  • $426,900 Median sale price
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Downey Market Health

Data through Oct 31, 2014
  • 5.7/10 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
  • 13.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes Downey
2 homes Los Angeles Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Bellflower $401,600
Norwalk $375,800
Pico Rivera $370,700
Name Median ZHVI
Cudahy $338,100
Bell $337,400
Bell Gardens $337,200
Name Median ZHVI
South Gate $332,900
Commerce $332,400
Paramount $321,000

Listings & Sales

Data through Oct 31, 2014
  • $303 Median list price / sq ft
  • $303 Median sale price / sq ft
  • 31.1% Listings with price cut
7.8%
Sold below listing
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Downey Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,299 Downey
    $2,429 Los Angeles Metro
    $1,337 United States

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

  • 1.4 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
  • $1.57 Rent list price / sq ft
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