Home Values

Garland County 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

None

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

The median list price per square foot in Garland County is $95, which is the same as the Hot Springs Metro average of $95. The median price of homes currently listed in Garland County is $137,000 while the median price of homes that sold is $128,200. The median rent price in Garland County is $800, which is the same as the Hot Springs Metro median of $800.

Foreclosures will be a factor impacting home values in the next several years. In Garland County 0.5 homes are foreclosed (per 10,000). This is lower 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 Garland County is 3.2%, 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 Garland County homeowners underwater on their mortgage is 16.4%.

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Relative ZHVI
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Garland County Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $137,000 Median listing price
  • $128,200 Median sale price
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Garland County Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 16.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Cities in Garland County

Name Median ZHVI
Lake Hamilton $276,100
Rockwell $219,700
Royal $169,800
Name Median ZHVI
Pearcy $138,300
Piney $117,100
Hot Springs $111,800

Listings & Sales

Data through Dec 31, 2014
  • $95 Median list price / sq ft
  • $76 Median sale price / sq ft
  • 7.7% Listings with price cut
29.8%
Sold below listing
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Garland County Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,043 Garland County
    $1,043 Hot Springs 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

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $800 Rent list price
  • $0.67 Rent list price / sq ft
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