89408 Home Prices & Values

$144,100 Zillow Home Value Index What's This?  
Close

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

  • 29.0% 1-year change
  • No data 1-year forecast

The median home value in 89408 is $144,100. 89408 home values have gone up 29.0% over the past year. The median list price per square foot in 89408 is $94, which is the same as the Fernley average of $94. The median price of homes currently listed in 89408 is $159,000 while the median price of homes that sold is $144,235. The median rent price in 89408 is $900, which is the same as the Fernley median of $900.

Foreclosures will be a factor impacting home values in the next several years. In 89408 10.9 homes are foreclosed (per 10,000). This is lower than the Fernley value of 11.5 and also greater 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 89408 is 9.0%, which is higher 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 89408 homeowners underwater on their mortgage is 32.2%, which is the same as Fernley at 32.2%.

more
Relative ZHVI
- +

89408 Market Overview

Data through Jul 31, 2014
  • $144,100 ZHVI
  • No data 1-yr forecast
  • $159,000 Median listing price
  • $144,235 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

89408 Market Health

Data through Jul 31, 2014
  • 2.3/10 Less healthy What's This?  
    Close

    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
  • 32.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.9 homes 89408
11.5 homes Fernley
4.4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
89441 $296,300 89521 $294,600 89436 $258,300
89434 $195,800 89433 $169,000 89403 $162,400
89502 $154,400 89431 $143,700 89429 $130,300

Listings & Sales

Data through Jul 31, 2014
  • $94 Median list price / sq ft
  • $94 Median sale price / sq ft
  • 33.5% Listings with price cut
19.9%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

89408 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
$944 89408
$945 Fernley
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $900 Rent list price
  • $0.64 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading