Gate City 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

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 Gate City is 1.4%, which is lower than the national value of 6.0%. 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 Gate City homeowners underwater on their mortgage is 15.1%.

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Relative ZHVI
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Gate City Market Overview

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Gate City Market Health

Data through Jul 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 15.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Piney Flats $169,200
Blountville $138,800
Fall Branch $127,800
Name Median ZHVI
Mount Carmel $117,200
Kingsport $115,300
Church Hill $115,200
Name Median ZHVI
Surgoinsville $95,600
 
 

Listings & Sales

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Gate City Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $928 Gate City
    $986 Kingsport Metro
    $1,376 United States

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

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