48532 Home Prices & Values

$69,600 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

  • 11.5% 1-year change
  • 3.7% 1-year forecast

The median home value in 48532 is $69,600. 48532 home values have gone up 11.5% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in 48532 is $40, which is higher than the Flint average of $15. The median price of homes currently listed in 48532 is $74,900 while the median price of homes that sold is $74,200. The median rent price in 48532 is $595, which is higher than the Flint median of $550.

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 48532 is 11.9%, 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 48532 homeowners underwater on their mortgage is 37.6%, which is lower than Flint at 40.0%.

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Relative ZHVI
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48532 Market Overview

Data through Aug 31, 2014
  • $69,600 ZHVI
  • 3.7% 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)
  • $74,900 Median listing price
  • $74,200 Median sale price (Jul 31, 2014)
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48532 Market Health

Data through Aug 31, 2014
  • 1.9/10 Less 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
  • 37.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
48473 $111,500 48433 $110,400 48458 $56,500
48529 $47,800 48507 $47,200 48503 $42,300
48504 $34,300 48505 $33,800  

Listings & Sales

Data through Aug 31, 2014
  • $40 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.9% Listings with price cut
34.1%
Sold below listing
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48532 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
$645 48532
$536 Flint
$1,328 United States
  • 1.0 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, 2014)
  • $595 Rent list price
  • No data Rent list price / sq ft
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