Home Values

Elberta 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

$197,700

  • 7.2% 1-year change
  • None 1-year forecast

The median home value in Elberta is $197,700. Elberta home values have gone up 7.2% over the past year.

Foreclosures will be a factor impacting home values in the next several years. In Elberta 2.6 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

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 Elberta is 4.4%, which is lower than the national value of 6.3%. 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 Elberta homeowners underwater on their mortgage is 9.9%.

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Relative ZHVI
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Elberta Market Overview

Data through Apr 30, 2015
  • $197,700 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No data Median sale price
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Elberta Market Health

Data through Apr 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 9.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Orange Beach $300,100
Gulf Shores $208,700
Cantonment $147,100
Name Median ZHVI
Lillian $144,300
Silverhill $144,300
Foley $133,800
Name Median ZHVI
Summerdale $132,100
Robertsdale $117,100
Pensacola $105,700

Listings & Sales

  • No data
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Elberta Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,342 Elberta
    $1,319 Daphne Metro
    $1,364 United States

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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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