Hope Mills Home Prices & Values

$130,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7% 1-year change
  • 3.4% 1-year forecast

The median home value in Hope Mills is $130,600. Hope Mills home values have gone up 0.7% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Hope Mills is $90, which is higher than the Fayetteville Metro average of $85. The median price of homes currently listed in Hope Mills is $168,500 while the median price of homes that sold is $150,450. The median rent price in Hope Mills is $1,025, which is higher than the Fayetteville Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In Hope Mills 9.9 homes are foreclosed (per 10,000). This is greater than the Fayetteville Metro value of 6.5 and also greater than the national value of 4.3

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 Hope Mills is 5.6%, which is lower than the national value of 7.2%. 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 Hope Mills homeowners underwater on their mortgage is 28.5%, which is lower than Fayetteville Metro at 30.1%.

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Relative ZHVI
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Hope Mills Market Overview

Data through Jun 30, 2014
  • $130,600 ZHVI
  • 3.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $168,500 Median listing price
  • $150,450 Median sale price
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Hope Mills Market Health

Data through Jun 30, 2014
  • 1.3/10 Less healthy What's This?  
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    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.

  • No data Average of days on Zillow
  • 28.5% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

9.9 homes Hope Mills
6.5 homes Fayetteville Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Stedman $153,000 Parkton $140,800 Wade $134,800
Fayetteville $109,100 Spring Lake $104,300  

Listings & Sales

Data through Jun 30, 2014
  • $90 Median list price / sq ft
  • $90 Median sale price / sq ft
  • 29.3% Listings with price cut
20.3%
Sold below listing
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Hope Mills Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$966 Hope Mills
$883 Fayetteville Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,025 Rent list price
  • $0.67 Rent list price / sq ft
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