Home Values

Hazel Park 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

$51,600

  • 13.7% 1-year change
  • 4.2% 1-year forecast

The median home value in Hazel Park is $51,600. Hazel Park home values have gone up 13.7% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in Hazel Park is None. The median rent price in Hazel Park is $825, which is lower than the Detroit Metro median of $900.

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 Hazel Park homeowners underwater on their mortgage is 50.7%, which is higher than Detroit Metro at 21.3%.

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Relative ZHVI
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Hazel Park Market Overview

Data through Mar 31, 2015
  • $51,600 ZHVI
  • 4.2% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $44,923 Median sale price (Jan 31, 2015)
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Hazel Park Market Health

Data through Mar 31, 2015
  • 5.2/10 Stable
    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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 50.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Cities

Name Median ZHVI
Huntington Woods $300,700
Pleasant Ridge $257,800
Royal Oak $178,400
Name Median ZHVI
Ferndale $109,200
Madison Heights $89,100
Warren $83,500
Name Median ZHVI
Center Line $60,300
Highland Park $46,200
Detroit $40,600

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $41 Median sale price / sq ft (Jan 31, 2015)
  • No data Listings with price cut
19.4%
Sold below listing
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Hazel Park Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $861 Hazel Park
    $1,116 Detroit Metro
    $1,362 United States

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

  • 0.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $825 Rent list price
  • $0.88 Rent list price / sq ft
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