36532 Home Prices & Values

$216,500 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

  • 4.0% 1-year change
  • No data 1-year forecast

The median home value in 36532 is $216,500. 36532 home values have gone up 4.0% over the past year. The median list price per square foot in 36532 is $128, which is the same as the Fairhope average of $128. The median price of homes currently listed in 36532 is $289,900 while the median price of homes that sold is $201,175.

Foreclosures will be a factor impacting home values in the next several years. In 36532 0.9 homes are foreclosed (per 10,000). This is greater than the Fairhope value of 0.8 and also lower than the national value of 4.4

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 36532 is 2.5%, 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 36532 homeowners underwater on their mortgage is 11.6%, which is lower than Fairhope at 11.6%.

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Relative ZHVI
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36532 Market Overview

Data through Jul 31, 2014
  • $216,500 ZHVI
  • No data 1-yr forecast
  • $289,900 Median listing price
  • $201,175 Median sale price
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36532 Market Health

Data through Jul 31, 2014
  • 7.9/10 Very 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
  • 11.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Jun 30, 2014) 36532
0.8 homes(Jun 30, 2014) Fairhope
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
36564 $406,400 36542 $206,800 36555 $174,400
36511 $173,500 36576 $157,600 36526 $154,100
36551 $141,400 36580 $135,500 36535 $133,300

Listings & Sales

Data through Jul 31, 2014
  • $128 Median list price / sq ft
  • $107 Median sale price / sq ft
  • 32.7% Listings with price cut
25.7%
Sold below listing
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36532 Rentals

Data through Jul 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
$1,411 36532
$1,419 Fairhope
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.86 Rent list price / sq ft
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