Home Values

97401 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

$258,800

  • 2.0% 1-year change
  • 2.3% 1-year forecast

The median home value in 97401 is $258,800. 97401 home values have gone up 2.0% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 97401 is $162, which is higher than the Eugene average of $154. The median price of homes currently listed in 97401 is $290,000 while the median price of homes that sold is $271,875. The median rent price in 97401 is $975, which is higher than the Eugene median of $895.

Foreclosures will be a factor impacting home values in the next several years. In 97401 2.7 homes are foreclosed (per 10,000). This is lower than the Eugene value of 4.1 and also lower than the national value of 4.0

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 97401 is 3.5%, which is lower than the national value of 6.4%. 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 97401 homeowners underwater on their mortgage is 12.1%, which is lower than Eugene at 14.3%.

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Relative ZHVI
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97401 Market Overview

Data through Dec 31, 2014
  • $258,800 ZHVI
  • 2.3% 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
    (Dec 31, 2015)
  • $290,000 Median listing price
  • $271,875 Median sale price
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97401 Market Health

Data through Dec 31, 2014
  • 5.8/10 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
  • 12.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.7 homes 97401
4.1 homes Eugene
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
97403 $328,400
97408 $289,700
97405 $261,600
Name Median ZHVI
97426 $208,900
97404 $207,100
97478 $186,800
Name Median ZHVI
97446 $177,700
97402 $177,500
97477 $173,100

Listings & Sales

Data through Dec 31, 2014
  • $162 Median list price / sq ft
  • $162 Median sale price / sq ft
  • 13.9% Listings with price cut
19.4%
Sold below listing
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97401 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,347 97401
    $1,290 Eugene
    $1,345 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $975 Rent list price
  • $1.03 Rent list price / sq ft
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