Grandy 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

$172,600

  • 3.3% 1-year change
  • -1.7% 1-year forecast

The median home value in Grandy is $172,600. Grandy home values have gone up 3.3% over the past year and Zillow predicts they will fall -1.7% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Grandy 43.9 homes are foreclosed (per 10,000). This is greater than the Virginia Beach Metro value of 1.4 and also greater than the national value of 3.6

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 Grandy is 5.1%, 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 Grandy homeowners underwater on their mortgage is 22.2%, which is lower than Virginia Beach Metro at 25.0%.

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Relative ZHVI
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Grandy Market Overview

Data through Jul 31, 2015
  • $172,600 ZHVI
  • -1.7% 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
    (Jul 31, 2016)
  • No data Median listing price
  • No data Median sale price
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Grandy Market Health

Data through Jul 31, 2015
  • 2.5/10 Less 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
  • 22.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

44(Apr 30, 2013) Grandy
1 Virginia Beach Metro
4 United States
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Nearby Cities

Name Median ZHVI
Corolla $529,700
Duck $462,100
Currituck $242,000
Name Median ZHVI
Knotts Island $181,500
 
 

Listings & Sales

  • No data
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Grandy Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,171 Grandy
    $1,424 Virginia Beach 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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