Home Values

23111 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

$208,500

  • 2.2% 1-year change
  • 2.1% 1-year forecast

Market Temperature

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 zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in 23111 is $208,500. 23111 home values have gone up 2.2% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 23111 is None. The median rent price in 23111 is $1,400, which is the same as the Mechanicsville median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In 23111 3.7 homes are foreclosed (per 10,000). This is greater than the Mechanicsville value of 2.4 and also lower than the national value of 3.9

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 23111 homeowners underwater on their mortgage is 17.5%, which is higher than Mechanicsville at 15.8%.

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Relative ZHVI
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23111 Market Overview

Data through Apr 30, 2015
  • $208,500 ZHVI
  • 2.1% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $206,015 Median sale price
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23111 Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 17.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

3.7 homes 23111
2.4 homes Mechanicsville
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
23116 $259,300
23219 $200,200
23069 $199,200
Name Median ZHVI
23227 $182,000
23150 $145,000
23231 $132,800
Name Median ZHVI
23223 $110,100
23222 $101,100
23075 $100,600

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $119 Median sale price / sq ft
  • No data Listings with price cut
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23111 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,406 23111
    $1,544 Mechanicsville
    $1,364 United States

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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,400 Rent list price
  • $0.87 Rent list price / sq ft
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