Hanford Metro Home Prices & Values

$153,000 Zillow Home Value Index What's This?  
Close

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

  • 11.6% 1-year change
  • 12.9% 1-year forecast

Market Temperature: HotWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Hanford Metro is $153,000. Hanford Metro home values have gone up 11.6% over the past year and Zillow predicts they will rise 12.9% within the next year. The median list price per square foot in Hanford Metro is $113, which is lower than the California average of $257. The median price of homes currently listed in Hanford Metro is $179,900 while the median price of homes that sold is $169,750. The median rent price in Hanford Metro is $1,000, which is lower than the California median of $1,869.

Foreclosures will be a factor impacting home values in the next several years. In Hanford Metro 5.2 homes are foreclosed (per 10,000). This is greater than the California value of 2.7 and also greater than the national value of 4.3

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 Hanford Metro is 5.0%, which is lower than the national value of 7.2%. 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 Hanford Metro homeowners underwater on their mortgage is 38.1%, which is higher than California at 16.0%.

more
Relative ZHVI
- +

Hanford Metro Market Overview

Data through Jun 30, 2014
  • $153,000 ZHVI
  • 12.9% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $179,900 Median listing price
  • $169,750 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Hanford Metro Market Health

Data through Jun 30, 2014
  • 4.8/10 Stable What's This?  
    Close

    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 of days on Zillow
  • 38.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

5.2 homes Hanford Metro
2.7 homes California
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Hanford Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Lemoore $174,600 Hanford $158,500 Armona $107,700
Corcoran $105,500 Avenal $102,000  

Listings & Sales

Data through Jun 30, 2014
  • $113 Median list price / sq ft
  • $109 Median sale price / sq ft
  • 27.2% Listings with price cut
22.0%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Hanford Metro Rentals

Data through Jun 30, 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
$1,096 Hanford Metro
$2,099 California
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,000 Rent list price
  • $0.76 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading