Home Values

Hobart 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

$113,900

  • 0.2% 1-year change
  • 1.3% 1-year forecast

The median home value in Hobart is $113,900. Hobart home values have gone up 0.2% over the past year and Zillow predicts they will rise 1.3% within the next year. The median rent price in Hobart is $952, which is lower than the Chicago Metro median of $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Hobart 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

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 Hobart is 5.7%, which is lower 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 Hobart homeowners underwater on their mortgage is 21.4%, which is lower than Chicago Metro at 23.7%.

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Relative ZHVI
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Hobart Market Overview

Data through May 31, 2015
  • $113,900 ZHVI
  • 1.3% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Hobart Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 21.4% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Ogden Dunes $272,900
Winfield $257,600
Lakes of the Four Seasons $196,700
Name Median ZHVI
Crown Point $176,700
Portage $136,300
Merrillville $112,200
Name Median ZHVI
New Chicago $87,200
Lake Station $75,000
Gary $65,200

Listings & Sales

  • No data
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Hobart Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,141 Hobart
    $1,620 Chicago Metro
    $1,367 United States

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

  • No data Breakeven horizon
  • $952 Rent list price
  • $0.87 Rent list price / sq ft (Apr 30, 2015)
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