Home Values

Forestdale 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

$94,500

  • 0.1% 1-year change
  • 1.6% 1-year forecast

The median home value in Forestdale is $94,500. Forestdale home values have gone up 0.1% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Forestdale is $61, which is lower than the Birmingham Metro average of $94. The median price of homes currently listed in Forestdale is $92,900 while the median price of homes that sold is $72,199. The median rent price in Forestdale is $810, which is lower than the Birmingham Metro median of $850.

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 Forestdale is 7.6%, which is higher 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 Forestdale homeowners underwater on their mortgage is 28.7%.

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Relative ZHVI
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Forestdale Market Overview

Data through Jan 31, 2015
  • $94,500 ZHVI
  • 1.6% 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
    (Jan 31, 2016)
  • $92,900 Median listing price
  • $72,199 Median sale price (Dec 31, 2014)
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Forestdale Market Health

Data through Jan 31, 2015
  • 0.5/10 Less 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 28.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Mount Olive $132,400
Pleasant Grove $117,000
Fultondale $111,200
Name Median ZHVI
Adamsville $71,100
Minor $65,000
Fairfield $62,000
Name Median ZHVI
Graysville $54,000
McDonald Chapel $42,000
Mulga $35,000

Listings & Sales

Data through Jan 31, 2015
  • $61 Median list price / sq ft
  • $54 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
39.9%
Sold below listing
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Forestdale Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $901 Forestdale
    $1,052 Birmingham Metro
    $1,350 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $810 Rent list price
  • $0.70 Rent list price / sq ft
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