Lemon Grove Home Prices & Values

$359,900 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

  • 10.6% 1-year change
  • 6.4% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Lemon Grove is $359,900. Lemon Grove home values have gone up 10.6% over the past year and Zillow predicts they will rise 6.4% within the next year. The median list price per square foot in Lemon Grove is $252, which is lower than the San Diego Metro average of $298. The median price of homes currently listed in Lemon Grove is $350,000 while the median price of homes that sold is $335,000.

Foreclosures will be a factor impacting home values in the next several years. In Lemon Grove 2.8 homes are foreclosed (per 10,000). This is greater than the San Diego Metro value of 1.8 and also lower 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 Lemon Grove is 7.3%, which is higher 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 Lemon Grove homeowners underwater on their mortgage is 11.7%, which is higher than San Diego Metro at 10.0%.

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Relative ZHVI
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Lemon Grove Market Overview

Data through Aug 31, 2014
  • $359,900 ZHVI
  • 6.4% 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

    (Aug 31, 2015)
  • $350,000 Median listing price
  • $335,000 Median sale price
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Lemon Grove Market Health

Data through Aug 31, 2014
  • 8.0/10 Very 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 days on Zillow
  • 11.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes Lemon Grove
1.8 homes San Diego Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Coronado $1,260,300 Bonita $559,000 San Diego $496,600
La Mesa $454,700 Chula Vista $423,400 El Cajon $411,500
Santee $407,900 Spring Valley $376,500 National City $318,600

Listings & Sales

Data through Aug 31, 2014
  • $252 Median list price / sq ft
  • $274 Median sale price / sq ft
  • 36.4% Listings with price cut
4.4%
Sold below listing
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Lemon Grove Rentals

Data through Aug 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
$1,919 Lemon Grove
$2,242 San Diego Metro
$1,328 United States
  • 1.4 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, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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