Home Values

97504 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

$233,700

  • 6.8% 1-year change
  • 3.3% 1-year forecast

The median home value in 97504 is $233,700. 97504 home values have gone up 6.8% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in 97504 is None. The median rent price in 97504 is $850, which is higher than the Medford median of $800.

Foreclosures will be a factor impacting home values in the next several years. In 97504 2.8 homes are foreclosed (per 10,000). This is lower than the Medford value of 3.8 and also lower than the national value of 3.0

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 97504 homeowners underwater on their mortgage is 18.0%, which is lower than Medford at 21.0%.

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Relative ZHVI
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97504 Market Overview

Data through Mar 31, 2015
  • $233,700 ZHVI
  • 3.3% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $234,735 Median sale price
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97504 Market Health

Data through Mar 31, 2015
  • 1.4/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 18.0% 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)

2.8 homes 97504
3.8 homes Medford
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
97520 $334,800
97530 $316,200
97524 $208,300
Name Median ZHVI
97539 $195,600
97540 $192,400
97535 $181,400
Name Median ZHVI
97502 $177,200
97501 $147,700
97503 $136,700

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $130 Median sale price / sq ft
  • No data Listings with price cut
29.8%
Sold below listing
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97504 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,297 97504
    $1,213 Medford
    $1,362 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • $0.76 Rent list price / sq ft
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