Home Values

Gaffney 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

$71,100

  • None 1-year change
  • None 1-year forecast

The median home value in Gaffney is $71,100. The median list price per square foot in Gaffney is None. The median rent price in Gaffney is $575, which is the same as the Gaffney Metro median of $575.

Foreclosures will be a factor impacting home values in the next several years. In Gaffney 3.8 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

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 Gaffney is 6.6%, which is higher than the national value of 6.3%. 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 Gaffney homeowners underwater on their mortgage is 21.4%.

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Relative ZHVI
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Gaffney Market Overview

Data through Apr 30, 2015
  • $71,100 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $80,700 Median sale price (Mar 31, 2015)
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Gaffney Market Health

Data through Apr 30, 2015
  • 7.8/10 Very 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 21.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.8 homes Gaffney
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Smyrna $117,100
Chesnee $106,800
Hickory Grove $106,500
Name Median ZHVI
Spartanburg $88,200
Cowpens $74,500
Pacolet $62,600
Name Median ZHVI
Blacksburg $57,300
 
 

Listings & Sales

  • No data
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Gaffney Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $939 Gaffney
    $937 Gaffney Metro
    $1,364 United States

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

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $575 Rent list price
  • $0.58 Rent list price / sq ft (Feb 28, 2015)
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