Farragut Home Prices & Values

$305,000 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

  • 4.5% 1-year change
  • 2.2% 1-year forecast

The median home value in Farragut is $305,000. Farragut home values have gone up 4.5% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Farragut is $132, which is higher than the Knoxville Metro average of $104. The median price of homes currently listed in Farragut is $409,900 while the median price of homes that sold is $354,450.

Foreclosures will be a factor impacting home values in the next several years. In Farragut 1.7 homes are foreclosed (per 10,000). This is lower than the Knoxville Metro value of 1.8 and also lower 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 Farragut is 1.2%, 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 Farragut homeowners underwater on their mortgage is 9.1%, which is lower than Knoxville Metro at 14.7%.

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Relative ZHVI
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Farragut Market Overview

Data through Aug 31, 2014
  • $305,000 ZHVI
  • 2.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $409,900 Median listing price
  • No recent data Median sale price
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Farragut Market Health

Data through Aug 31, 2014
  • 6.7/10 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
  • 9.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes(Jun 30, 2014) Farragut
1.8 homes Knoxville Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Powell $144,000 Clinton $129,500 Friendsville $128,800
Greenback $123,300 Oak Ridge $118,900 Loudon $116,500
Knoxville $113,600 Alcoa $102,100 Lenoir City $82,100

Listings & Sales

Data through Aug 31, 2014
  • $132 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 40.9% Listings with price cut
22.8%
Sold below listing
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Farragut Rentals

Data through Aug 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
$1,981 Farragut
$1,020 Knoxville Metro
$1,328 United States
  • 2.3 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, 2014)
  • No data Rent list price
  • $0.83 Rent list price / sq ft
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