Home Values

55746 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

$76,000

  • 1.6% 1-year change
  • 2.8% 1-year forecast

The median home value in 55746 is $76,000. 55746 home values have gone up 1.6% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in 55746 is $107, which is the same as the Hibbing average of $107. The median price of homes currently listed in 55746 is $99,000 while the median price of homes that sold is $77,275. The median rent price in 55746 is $995, which is the same as the Hibbing median of $995.

Foreclosures will be a factor impacting home values in the next several years. In 55746 2.4 homes are foreclosed (per 10,000). This is the same as the Hibbing value of 2.4 and also lower than the national value of 3.9

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 55746 homeowners underwater on their mortgage is 22.2%, which is higher than Hibbing at 21.5%.

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Relative ZHVI
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55746 Market Overview

Data through Feb 28, 2015
  • $76,000 ZHVI
  • 2.8% 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
    (Feb 29, 2016)
  • $99,000 Median listing price
  • $77,275 Median sale price (Jan 31, 2015)
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55746 Market Health

Data through Feb 28, 2015
  • 6.9/10 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
  • 22.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

2.4 homes 55746
2.4 homes Hibbing
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
55781 $185,700
55710 $128,500
55751 $107,500
Name Median ZHVI
55768 $93,400
55736 $89,400
55765 $77,800
Name Median ZHVI
55719 $58,500
55713 $55,200
 

Listings & Sales

Data through Feb 28, 2015
  • $107 Median list price / sq ft
  • $92 Median sale price / sq ft (Jan 31, 2015)
  • 8.3% Listings with price cut
13.6%
Sold below listing
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55746 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,004 55746
    $1,004 Hibbing
    $1,355 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price
  • No data Rent list price / sq ft
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