Home Values

73538 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

$123,800

  • 1.8% 1-year change
  • 5.5% 1-year forecast

The median home value in 73538 is $123,800. 73538 home values have gone up 1.8% over the past year and Zillow predicts they will rise 5.5% within the next year. The median list price per square foot in 73538 is $102, which is higher than the Elgin average of $100. The median price of homes currently listed in 73538 is $196,620 while the median price of homes that sold is $195,200.

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 73538 homeowners underwater on their mortgage is 37.7%, which is lower than Elgin at 41.1%.

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Relative ZHVI
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73538 Market Overview

Data through Feb 28, 2015
  • $123,800 ZHVI
  • 5.5% 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
    (Feb 29, 2016)
  • $196,620 Median listing price
  • No recent data Median sale price
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73538 Market Health

Data through Feb 28, 2015
  • 0.3/10 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
  • 37.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $516,700
New York Metro $369,400
Washington Metro $347,500
Name Median ZHVI
Philadelphia Metro $192,100
Miami-Fort Lauderdale Metro $190,300
Chicago Metro $178,500
Name Median ZHVI
Houston Metro $154,700
Dallas-Fort Worth Metro $143,900
Atlanta Metro $140,300

Listings & Sales

Data through Feb 28, 2015
  • $102 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 3.2% Listings with price cut
24.2%
Sold below listing
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73538 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $986 73538
    $869 Elgin
    $1,355 United States

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

  • No data Breakeven horizon
  • No data Rent list price
  • $0.70 Rent list price / sq ft
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