Home Values

Gila 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

$162,700

  • 7.0% 1-year change
  • None 1-year forecast

The median home value in Gila County is $162,700. Gila County home values have gone up 7.0% over the past year. The median list price per square foot in Gila County is $146, which is the same as the Payson Metro average of $146. The median price of homes currently listed in Gila County is $239,800 while the median price of homes that sold is $180,075. The median rent price in Gila County is $995, which is the same as the Payson Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Gila County 7.7 homes are foreclosed (per 10,000). This is greater than the national value of 4.2

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 Gila County is 4.3%, 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 Gila County homeowners underwater on their mortgage is 17.0%.

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Relative ZHVI
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Gila County Market Overview

Data through Nov 30, 2014
  • $162,700 ZHVI
  • No data 1-yr forecast
  • $239,800 Median listing price
  • $180,075 Median sale price (Oct 31, 2014)
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Gila County Market Health

Data through Nov 30, 2014
  • 5.0/10 Stable
    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
  • 17.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.7 homes Gila County
4.2 homes United States
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Cities in Gila County

Name Median ZHVI
Star Valley $237,100
Payson $205,100
Pine $182,100
Name Median ZHVI
Globe $112,600
Miami $60,400
 

Listings & Sales

Data through Nov 30, 2014
  • $146 Median list price / sq ft
  • $131 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
19.6%
Sold below listing
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Gila County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,087 Gila County
    $1,087 Payson Metro
    $1,342 United States

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

  • 1.6 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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