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

$178,700

  • 4.9% 1-year change
  • 2.6% 1-year forecast

The median home value in the United States is $178,700. United States home values have gone up 4.9% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in the United States is $119. The median price of homes currently listed in the United States is $214,900 while the median price of homes that sold is $203,678. The median rent price in the United States is $1,499.

Foreclosures will be a factor impacting home values in the next several years. In the United States 3.9 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 16.9%.

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Relative ZHVI
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United States Market Overview

Data through Feb 28, 2015
  • $178,700 ZHVI
  • 2.6% 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)
  • $214,900 Median listing price
  • $203,678 Median sale price
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United States Market Health

Data through Feb 28, 2015
  • No recent data
  • 114 Average days on Zillow (Jan 31, 2015)
  • 16.9% Homes with negative equity (Dec 31, 2014)
  • 6.3% Delinquent on mortgage (Dec 31, 2014)
  • 3.9 Homes foreclosed (per 10,000) (Dec 31, 2014)
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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 Feb 28, 2015
  • $119 Median list price / sq ft
  • $123 Median sale price / sq ft
  • 11.4% Listings with price cut
22.2%
Sold below listing
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United States Rentals

Data through Feb 28, 2015
  • $1,355 Zillow Rent Index
    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
    (Dec 31, 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)
  • $1,499 Rent list price
  • $1.10 Rent list price / sq ft
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