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

$68,100

  • 25.0% 1-year change
  • None 1-year forecast

The median home value in Gaffney is $68,100. Gaffney home values have gone up 25.0% over the past year. The median list price per square foot in Gaffney is $62, which is higher than the Gaffney Metro average of $59. The median price of homes currently listed in Gaffney is $107,000 while the median price of homes that sold is $79,250.

Foreclosures will be a factor impacting home values in the next several years. In Gaffney 7.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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 5.6%, which is lower 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 Gaffney homeowners underwater on their mortgage is 20.9%.

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Relative ZHVI
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Gaffney Market Overview

Data through Dec 31, 2014
  • $68,100 ZHVI
  • No data 1-yr forecast
  • $107,000 Median listing price
  • $79,250 Median sale price (Nov 30, 2014)
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Gaffney Market Health

Data through Dec 31, 2014
  • 6.6/10 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.
  • No data Average days on Zillow
  • 20.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.4 homes Gaffney
4 homes United States
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Nearby Cities

Name Median ZHVI
Smyrna $144,900
Hickory Grove $129,500
Chesnee $114,600
Name Median ZHVI
Spartanburg $91,000
Cowpens $78,100
Blacksburg $70,200
Name Median ZHVI
Pacolet $65,300
 
 

Listings & Sales

Data through Dec 31, 2014
  • $62 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 9.2% Listings with price cut
33.2%
Sold below listing
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Gaffney Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $836 Gaffney
    $839 Gaffney Metro
    $1,345 United States

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

  • 1.1 Breakeven horizon
    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
  • No recent data Rent list price / sq ft
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