Prince Georges County 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

$239,500

  • 0.3% 1-year change
  • -2.5% 1-year forecast

The median home value in Prince Georges County is $239,500. Prince Georges County home values have gone up 0.3% over the past year and Zillow predicts they will fall -2.5% within the next year. The median rent price in Prince Georges County is $1,750, which is lower than the Washington Metro median of $2,050.

Foreclosures will be a factor impacting home values in the next several years. In Prince Georges County 9.8 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 3.1 and also greater than the national value of 3.6

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 Prince Georges County is 11.1%, which is higher than the national value of 6.0%. 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 Prince Georges County homeowners underwater on their mortgage is 34.2%, which is higher than Washington Metro at 17.2%.

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Relative ZHVI
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Prince Georges County Market Overview

Data through Jul 31, 2015
  • $239,500 ZHVI
  • -2.5% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $254,775 Median sale price (Jun 30, 2015)
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Prince Georges County Market Health

Data through Jul 31, 2015
  • 0.0/10 Less 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.
  • 100 Average days on Zillow (Jun 30, 2015)
  • 34.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 11.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

10(Jun 30, 2015) Prince Georges County
3 Washington Metro
4 United States
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Cities in Prince Georges County

Name Median ZHVI
Rosaryville $244,200
Kettering $221,200
Largo $189,900
Name Median ZHVI
Carmody Hills-Pepper Mill Village $164,600
District Heights $161,200
Walker Mill $159,900
Name Median ZHVI
Coral Hills $148,600
Capitol Heights $137,800
Seat Pleasant $134,600

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $159 Median sale price / sq ft
  • No data Listings with price cut
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Prince Georges County Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,868 Prince Georges County
    $2,109 Washington Metro
    $1,376 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,750 Rent list price
  • $1.33 Rent list price / sq ft
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