Home Values

Madison Township 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

$98,800

  • 20.3% 1-year change
  • None 1-year forecast

The median home value in Madison Township is $98,800. Madison Township home values have gone up 20.3% over the past year. The median list price per square foot in Madison Township is $77, which is lower than the Adrian Metro average of $83. The median price of homes currently listed in Madison Township is $129,900 while the median price of homes that sold is $85,000.

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 Madison Township is 3.6%, which is lower than the national value of 6.3%. 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 Madison Township homeowners underwater on their mortgage is 23.3%.

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Relative ZHVI
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Madison Township Market Overview

Data through Feb 28, 2015
  • $98,800 ZHVI
  • No data 1-yr forecast
  • $129,900 Median listing price
  • No recent data Median sale price
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Madison Township Market Health

Data through Feb 28, 2015
  • 7.7/10 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
  • 23.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Onsted $132,900
Raisin Township $123,200
Blissfield $102,500
Name Median ZHVI
Tecumseh $95,500
Palmyra $85,700
Clayton $84,700
Name Median ZHVI
Jasper $83,300
Morenci $70,500
Adrian Township $67,500

Listings & Sales

Data through Feb 28, 2015
  • $77 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 8.3% Listings with price cut
46.2%
Sold below listing
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Madison Township Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $989 Madison Township
    $1,017 Adrian Metro
    $1,355 United States

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

  • 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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