36542 Home Prices & Values

$206,800 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

  • 1.4% 1-year change
  • No data 1-year forecast

The median home value in 36542 is $206,800. 36542 home values have gone up 1.4% over the past year. The median list price per square foot in 36542 is $200, which is lower than the Gulf Shores average of $204. The median price of homes currently listed in 36542 is $261,985 while the median price of homes that sold is $203,775. The median rent price in 36542 is $950, which is lower than the Gulf Shores median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In 36542 0.5 homes are foreclosed (per 10,000). This is lower than the Gulf Shores value of 0.9 and also lower 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 36542 is 3.6%, 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 36542 homeowners underwater on their mortgage is 16.5%, which is the same as Gulf Shores at 16.5%.

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Relative ZHVI
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36542 Market Overview

Data through Jul 31, 2014
  • $206,800 ZHVI
  • No data 1-yr forecast
  • $261,985 Median listing price
  • $203,775 Median sale price
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36542 Market Health

Data through Jul 31, 2014
  • 4.5/10 Stable 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
  • 16.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes 36542
0.9 homes Gulf Shores
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
36564 $482,700 36561 $299,300 36532 $213,000
36555 $186,400 36530 $178,700 36511 $151,700
36576 $150,600 36580 $132,000 36535 $131,100

Listings & Sales

Data through Jul 31, 2014
  • $200 Median list price / sq ft
  • $141 Median sale price / sq ft
  • 23.5% Listings with price cut
27.0%
Sold below listing
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36542 Rentals

Data through Jul 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
$1,213 36542
$1,211 Gulf Shores
$1,318 United States
  • 3.0 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, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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