$165,000 House For Sale
4 bed, 2.0 bath, 1,200 sqft
The median home value in Gordonsville is $165,900. Gordonsville home values have gone up 2.0% over the past year. The median list price per square foot in Gordonsville is $163, which is higher than the Orange County average of $160. The median price of homes currently listed in Gordonsville is $284,990 while the median price of homes that sold is $190,000. The median rent price in Gordonsville is $925, which is lower than the Orange County median of $1,200.
Foreclosures will be a factor impacting home values in the next several years. In Gordonsville 8.0 homes are foreclosed (per 10,000). This is greater than the Orange County value of 3.2 and also greater than the national value of 4.4
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 Gordonsville is 3.8%, which is lower than the national value of 6.9%. 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 Gordonsville homeowners underwater on their mortgage is 21.2%, which is lower than Orange County at 24.0%.more
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.
Homes foreclosed (per 10,000)