Home Values

Ellenboro 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

$71,300

  • 35.8% 1-year change
  • None 1-year forecast

The median home value in Ellenboro is $71,300. Ellenboro home values have gone up 35.8% over the past year. The median list price per square foot in Ellenboro is $89, which is lower than the Forest City Metro average of $136. The median price of homes currently listed in Ellenboro is $125,000 while the median price of homes that sold is $65,000.

Foreclosures will be a factor impacting home values in the next several years. In Ellenboro 6.3 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 Ellenboro is 0.9%, 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 Ellenboro homeowners underwater on their mortgage is 18.4%.

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Relative ZHVI
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Ellenboro Market Overview

Data through Aug 31, 2014
  • $71,300 ZHVI
  • No data 1-yr forecast
  • $125,000 Median listing price
  • No recent data Median sale price
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Ellenboro Market Health

Data through Aug 31, 2014
  • 7.3/10 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
  • 18.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.3 homes Ellenboro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Shelby $72,200
 
 

Listings & Sales

Data through Aug 31, 2014
  • $89 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 40.6% Listings with price cut
33.3%
Sold below listing
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Ellenboro Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $866 Ellenboro
    $887 Forest City Metro
    $1,328 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
  • No data Rent list price / sq ft
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