Home Values

Mc Henry 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

$279,000

  • -0.9% 1-year change
  • None 1-year forecast

The median home value in Mc Henry is $279,000. Mc Henry home values have declined -0.9% over the past year. The median list price per square foot in Mc Henry is $190, which is higher than the Garrett County average of $161. The median price of homes currently listed in Mc Henry is $429,000 while the median price of homes that sold is $320,000. The median rent price in Mc Henry is $2,500, which is higher than the Garrett County median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Mc Henry 9.7 homes are foreclosed (per 10,000). This is greater than the Garrett County value of 3.1 and also greater than the national value of 4.0

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 Mc Henry is 15.4%, which is higher than the national value of 6.4%. 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 Mc Henry homeowners underwater on their mortgage is 10.2%, which is lower than Garrett County at 14.3%.

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Relative ZHVI
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Mc Henry Market Overview

Data through Jan 31, 2015
  • $279,000 ZHVI
  • No data 1-yr forecast
  • $429,000 Median listing price
  • No recent data Median sale price
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Mc Henry Market Health

Data through Jan 31, 2015
  • 1.6/10 Less 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 10.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.7 homes Mc Henry
3.1 homes Garrett County
4 homes United States
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Nearby Cities

Name Median ZHVI
Swanton $262,500
Accident $154,000
Henry Clay Township $125,600
Name Median ZHVI
Oakland $125,100
Grantsville $120,000
Friendsville $116,700
Name Median ZHVI
Mountain Lake Park $107,800
 
 

Listings & Sales

Data through Jan 31, 2015
  • $190 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
18.7%
Sold below listing
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Mc Henry Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,728 Mc Henry
    $1,427 Garrett County
    $1,350 United States

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

  • 3.4 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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