Home Values

38301 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

$60,200

  • 0.3% 1-year change
  • 3.1% 1-year forecast

The median home value in 38301 is $60,200. 38301 home values have gone up 0.3% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in 38301 is $39, which is lower than the Jackson average of $67. The median price of homes currently listed in 38301 is $67,900 while the median price of homes that sold is $77,250.

Foreclosures will be a factor impacting home values in the next several years. In 38301 8.9 homes are foreclosed (per 10,000). This is greater than the Jackson value of 8.4 and also greater than the national value of 4.0

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 38301 is 4.7%, which is lower than the national value of 6.4%. 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 38301 homeowners underwater on their mortgage is 35.7%, which is higher than Jackson at 28.5%.

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Relative ZHVI
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38301 Market Overview

Data through Jan 31, 2015
  • $60,200 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
    (Jan 31, 2016)
  • $67,900 Median listing price
  • $77,250 Median sale price
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38301 Market Health

Data through Jan 31, 2015
  • 0.7/10 Less healthy
    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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 35.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.9 homes 38301
8.4 homes Jackson
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
38355 $130,500
38305 $123,200
38313 $96,700
Name Median ZHVI
38340 $91,600
38362 $90,000
38366 $88,800
Name Median ZHVI
38356 $84,600
38391 $81,900
38343 $65,000

Listings & Sales

Data through Jan 31, 2015
  • $39 Median list price / sq ft
  • $46 Median sale price / sq ft
  • No data Listings with price cut
23.6%
Sold below listing
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38301 Rentals

Data through Jan 31, 2015
  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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