United States 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

$179,900

  • 3.0% 1-year change
  • 1.5% 1-year forecast

The median home value in the United States is $179,900. United States home values have gone up 3.0% over the past year and Zillow predicts they will rise 1.5% within the next year. The median rent price in the United States is $1,500.

Foreclosures will be a factor impacting home values in the next several years. In the United States 3.6 homes are foreclosed (per 10,000).

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 United States homeowners underwater on their mortgage is 15.4%.

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Relative ZHVI
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United States Market Overview

Data through Jul 31, 2015
  • $179,900 ZHVI
  • 1.5% 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
  • $222,916 Median sale price
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United States Market Health

Data through Jul 31, 2015
  • No recent data
  • 82 Average days on Zillow (Jun 30, 2015)
  • 15.4% Homes with negative equity (Mar 31, 2015)
  • 6.0% Delinquent on mortgage (Mar 31, 2015)
  • 3.6 Homes foreclosed (per 10,000)
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State Home Values

Name Median ZHVI
California $414,700
New Jersey $273,700
New York $246,900
Name Median ZHVI
Florida $156,500
Illinois $148,600
Pennsylvania $145,400
Name Median ZHVI
Texas $137,900
Michigan $117,300
Ohio $112,100

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $130 Median sale price / sq ft
  • No data Listings with price cut
17.1%
Sold below previous sale price
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United States Rentals

Data through Jul 31, 2015
  • $1,376 Zillow Rent Index
    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
    (Mar 31, 2015)
  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,500 Rent list price
  • $1.00 Rent list price / sq ft
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