King City Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in King City is $123, which is lower than the Salinas Metro average of $397. The median price of homes currently listed in King City is $199,900 while the median price of homes that sold is $135,000.

Foreclosures will be a factor impacting home values in the next several years. In King City 9.2 homes are foreclosed (per 10,000). This is greater than the Salinas Metro value of 2.3 and also greater than the national value of 4.4

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 King City is 7.1%, 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 King City homeowners underwater on their mortgage is 34.1%, which is higher than Salinas Metro at 20.4%.

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Relative ZHVI
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King City Market Overview

Data through Jul 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $199,900 Median listing price
  • No recent data Median sale price
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King City Market Health

Data through Jul 31, 2014
  • 3.2/10 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
  • 34.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

9.2 homes King City
2.3 homes Salinas Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Carmel Valley $867,900 Cambria $609,200 Paso Robles $393,500
Bradley $391,500 San Miguel $306,100 Gonzales $239,300
Soledad $236,900 Greenfield $193,600 Coalinga $129,900

Listings & Sales

Data through Jul 31, 2014
  • $123 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
27.3%
Sold below listing
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King City Rentals

Data through Jul 31, 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
$1,455 King City
$1,977 Salinas Metro
$1,318 United States
  • 2.0 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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