Grass Lake Township Home Prices & Values

$160,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.4% 1-year change
  • -1.1% 1-year forecast

The median home value in Grass Lake Township is $160,600. Grass Lake Township home values have gone up 0.4% over the past year and Zillow predicts they will fall -1.1% within the next year. The median price of homes currently listed in Grass Lake Township is $224,900 while the median price of homes that sold is $209,125. The median rent price in Grass Lake Township is $675, which is lower than the Jackson Metro median of $695.

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 Grass Lake Township is 4.0%, 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 Grass Lake Township homeowners underwater on their mortgage is 19.4%.

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Relative ZHVI
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Grass Lake Township Market Overview

Data through Aug 31, 2014
  • $160,600 ZHVI
  • -1.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $224,900 Median listing price
  • No recent data Median sale price
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Grass Lake Township Market Health

Data through Aug 31, 2014
  • 1.9/10 Less healthy What's This?  
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    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
  • 19.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Chelsea $220,600 Manchester $198,500 Gregory $177,000
Stockbridge $137,100 Brooklyn $135,800 Munith $124,300
Pleasant Lake $121,400 Michigan Center $86,600 Vandercook Lake $72,400

Listings & Sales

Data through Aug 31, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.0% Listings with price cut
32.0%
Sold below listing
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Grass Lake Township Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$809 Jackson Metro
$1,328 United States
  • 2.6 Breakeven horizon What's This?  
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    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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