Home Values

Medon 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

$81,000

  • 1.9% 1-year change
  • 3.6% 1-year forecast

The median home value in Medon is $81,000. Medon home values have gone up 1.9% over the past year and Zillow predicts they will rise 3.6% within the next year. The median price of homes currently listed in Medon is $199,900.

Foreclosures will be a factor impacting home values in the next several years. In Medon 7.4 homes are foreclosed (per 10,000). This is greater than the Jackson Metro value of 6.5 and also greater than the national value of 3.9

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 Medon is 2.2%, 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 Medon homeowners underwater on their mortgage is 19.8%, which is lower than Jackson Metro at 26.1%.

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Relative ZHVI
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Medon Market Overview

Data through Apr 30, 2015
  • $81,000 ZHVI
  • 3.6% 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 recent data Median listing price
  • No data Median sale price
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Medon Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 19.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.4 homes(Feb 28, 2015) Medon
6.5 homes Jackson Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Beech Bluff $94,300
Jackson $90,400
Pinson $80,600
Name Median ZHVI
Denmark $73,800
Whiteville $70,100
Finger $68,600
Name Median ZHVI
Hornsby $60,200
Bethel Springs $53,600
Bolivar $51,700

Listings & Sales

  • No data
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Medon Rentals

Data through Apr 30, 2015
  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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