Home Values

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

$175,600

  • 6.6% 1-year change
  • 3.1% 1-year forecast

The median home value in the United States is $175,600. United States home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in the United States is $120. The median price of homes currently listed in the United States is $215,000 while the median price of homes that sold is $215,500. 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 4.3 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 17.0%.

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Relative ZHVI
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United States Market Overview

Data through Aug 31, 2014
  • $175,600 ZHVI
  • 3.1% 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
    (Aug 31, 2015)
  • $215,000 Median listing price
  • $215,500 Median sale price
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United States Market Health

Data through Aug 31, 2014
  • No recent data
  • No recent data Average days on Zillow
  • 17.0% Homes with negative equity (Jun 30, 2014)
  • 6.9% Delinquent on mortgage (Jun 30, 2014)
  • 4.3 Homes foreclosed (per 10,000) (Jun 30, 2014)
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State Home Values

Name Median ZHVI
California $430,700
New Jersey $281,400
New York $253,700
Name Median ZHVI
Florida $163,400
Illinois $155,900
Pennsylvania $151,900
Name Median ZHVI
North Carolina $147,200
Michigan $117,900
Ohio $116,100

Listings & Sales

Data through Aug 31, 2014
  • $120 Median list price / sq ft
  • $126 Median sale price / sq ft
  • 36.7% Listings with price cut
21.5%
Sold below listing
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United States Rentals

Data through Aug 31, 2014
  • $1,328 Zillow Rent Index
    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
    (Jun 30, 2014)
  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.09 Rent list price / sq ft
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