31217 Home Prices & Values

$54,400 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

  • 7.9% 1-year change
  • 4.8% 1-year forecast

The median home value in 31217 is $54,400. 31217 home values have gone up 7.9% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in 31217 is $38, which is higher than the Dry Branch average of $35. The median price of homes currently listed in 31217 is $58,000 while the median price of homes that sold is $38,030. The median rent price in 31217 is $575.

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 31217 is 11.1%, 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 31217 homeowners underwater on their mortgage is 25.2%, which is higher than Dry Branch at 14.8%.

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Relative ZHVI
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31217 Market Overview

Data through Aug 31, 2014
  • $54,400 ZHVI
  • 4.8% 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

    (Aug 31, 2015)
  • $58,000 Median listing price
  • No recent data Median sale price
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31217 Market Health

Data through Aug 31, 2014
  • 1.4/10 Less 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
  • 25.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.1% 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
31032 $118,900 31211 $74,700 31204 $65,600
31201 $59,100 31206 $37,000  

Listings & Sales

Data through Aug 31, 2014
  • $38 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 25.0% Listings with price cut
47.2%
Sold below listing
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31217 Rentals

Data through Aug 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
$761 31217
$842 Dry Branch
$1,328 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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