28453 Home Prices & Values

$74,800 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

  • -1.1% 1-year change
  • No data 1-year forecast

The median home value in 28453 is $74,800. 28453 home values have declined -1.1% over the past year. The median price of homes currently listed in 28453 is $12,000.

Foreclosures will be a factor impacting home values in the next several years. In 28453 20.6 homes are foreclosed (per 10,000). This is the same as the Magnolia value of 20.6 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 28453 is 14.3%, 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 28453 homeowners underwater on their mortgage is 8.3%, which is the same as Magnolia at 8.3%.

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Relative ZHVI
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28453 Market Overview

Data through Jul 31, 2014
  • $74,800 ZHVI
  • No data 1-yr forecast
  • No recent data Median listing price
  • No data Median sale price
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28453 Market Health

Data through Jul 31, 2014
  • 0.8/10 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 days on Zillow
  • 8.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

20.6 homes 28453
20.6 homes Magnolia
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
28466 $103,200 28518 $98,100 28521 $97,000
28464 $88,500 28572 $86,900  

Listings & Sales

  • No Data
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28453 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
$833 28453
$843 Magnolia
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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