Home Values

98445 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

$193,700

  • 8.7% 1-year change
  • 6.0% 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

Cold

Buyers' Market
Sellers' Market

The median home value in 98445 is $193,700. 98445 home values have gone up 8.7% over the past year and Zillow predicts they will rise 6.0% within the next year. The median list price per square foot in 98445 is $112, which is the same as the Midland average of $112. The median price of homes currently listed in 98445 is $199,000 while the median price of homes that sold is $171,982. The median rent price in 98445 is $1,195, which is higher than the Midland median of $900.

Foreclosures will be a factor impacting home values in the next several years. In 98445 14.8 homes are foreclosed (per 10,000). This is lower than the Midland value of 28.6 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 98445 is 8.7%, 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 98445 homeowners underwater on their mortgage is 34.8%.

Read more
Relative ZHVI
- +

98445 Market Overview

Data through Sep 30, 2014
  • $193,700 ZHVI
  • 6.0% 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
    (Sep 30, 2015)
  • $199,000 Median listing price
  • $171,982 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

98445 Market Health

Data through Sep 30, 2014
  • 1.5/10 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.
  • No data Average days on Zillow
  • 34.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

14.8 homes 98445
28.6 homes Midland
4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI
98443 $261,400
98373 $238,700
98446 $231,400
Name Median ZHVI
98375 $229,000
98387 $205,600
98444 $160,900
Name Median ZHVI
98408 $157,500
98404 $154,700
98418 $151,800

Listings & Sales

Data through Sep 30, 2014
  • $112 Median list price / sq ft
  • $119 Median sale price / sq ft
  • 38.0% Listings with price cut
25.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

98445 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,368 98445
    $1,313 Midland
    $1,335 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,195 Rent list price
  • $0.86 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading