Home Values

Gillsville 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

$103,400

  • 34.1% 1-year change
  • 9.2% 1-year forecast

The median home value in Gillsville is $103,400. Gillsville home values have gone up 34.1% over the past year and Zillow predicts they will rise 9.2% within the next year. The median price of homes currently listed in Gillsville is $179,900.

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 Gillsville is 9.3%, which is higher 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 Gillsville homeowners underwater on their mortgage is 31.7%, which is higher than Gainesville Metro at 19.0%.

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Relative ZHVI
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Gillsville Market Overview

Data through Dec 31, 2014
  • $103,400 ZHVI
  • 9.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $179,900 Median listing price
  • No data Median sale price
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Gillsville Market Health

Data through Dec 31, 2014
  • 6.3/10 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
  • 31.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Braselton $241,700
Hoschton $237,400
Flowery Branch $168,400
Name Median ZHVI
Clermont $164,900
Gainesville $143,700
Oakwood $122,700
Name Median ZHVI
Demorest $99,500
Cornelia $98,500
Alto $93,600

Listings & Sales

Data through Dec 31, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 13.0% Listings with price cut
36.4%
Sold below listing
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Gillsville Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $964 Gillsville
    $1,148 Gainesville 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

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