Home Values

86406 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

$202,900

  • 9.3% 1-year change
  • 3.8% 1-year forecast

The median home value in 86406 is $202,900. 86406 home values have gone up 9.3% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in 86406 is $142, which is lower than the Lake Havasu City average of $143. The median price of homes currently listed in 86406 is $249,900 while the median price of homes that sold is $218,125. The median rent price in 86406 is $1,150, which is lower than the Lake Havasu City median of $1,175.

Foreclosures will be a factor impacting home values in the next several years. In 86406 2.5 homes are foreclosed (per 10,000). This is lower than the Lake Havasu City value of 2.8 and also lower than the national value of 4.5

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 86406 is 4.7%, which is lower than the national value of 6.9%. 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 86406 homeowners underwater on their mortgage is 14.9%, which is lower than Lake Havasu City at 15.7%.

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Relative ZHVI
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86406 Market Overview

Data through Oct 31, 2014
  • $202,900 ZHVI
  • 3.8% 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
    (Oct 31, 2015)
  • $249,900 Median listing price
  • $218,125 Median sale price
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86406 Market Health

Data through Oct 31, 2014
  • 8.7/10 Very 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.
  • No data Average days on Zillow
  • 14.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes 86406
2.8 homes Lake Havasu City
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
86404 $215,500
86403 $157,400
85344 $151,800
Name Median ZHVI
86426 $150,400
86440 $129,700
92242 $106,600
Name Median ZHVI
86413 $93,400
 
 

Listings & Sales

Data through Oct 31, 2014
  • $142 Median list price / sq ft
  • $129 Median sale price / sq ft
  • 36.0% Listings with price cut
13.8%
Sold below listing
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86406 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,170 86406
    $1,143 Lake Havasu City
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • $0.76 Rent list price / sq ft
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