Home Values

Gulf Shores 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

$223,800

  • 10.6% 1-year change
  • None 1-year forecast

The median home value in Gulf Shores is $223,800. Gulf Shores home values have gone up 10.6% over the past year. The median list price per square foot in Gulf Shores is $202, which is higher than the Daphne Metro average of $130. The median price of homes currently listed in Gulf Shores is $267,900 while the median price of homes that sold is $195,790.

Foreclosures will be a factor impacting home values in the next several years. In Gulf Shores 0.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

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 Gulf Shores 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 Gulf Shores homeowners underwater on their mortgage is 16.5%.

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Relative ZHVI
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Gulf Shores Market Overview

Data through Oct 31, 2014
  • $223,800 ZHVI
  • No data 1-yr forecast
  • $267,900 Median listing price
  • $195,790 Median sale price
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Gulf Shores Market Health

Data through Oct 31, 2014
  • 7.4/10 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
  • 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)

0.6 homes Gulf Shores
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Orange Beach $324,000
Fairhope $234,500
Elberta $197,900
Name Median ZHVI
Lillian $159,800
Daphne $159,000
Silverhill $157,800
Name Median ZHVI
Loxley $154,700
Summerdale $140,300
Foley $139,000

Listings & Sales

Data through Oct 31, 2014
  • $202 Median list price / sq ft
  • $147 Median sale price / sq ft
  • 25.8% Listings with price cut
23.8%
Sold below listing
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Gulf Shores Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,193 Gulf Shores
    $1,283 Daphne Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.86 Rent list price / sq ft
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