89705 Home Prices & Values

$207,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.1% 1-year change
  • 3.7% 1-year forecast

The median home value in 89705 is $207,000. 89705 home values have gone up 9.1% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in 89705 is $147, which is lower than the Minden average of $174. The median price of homes currently listed in 89705 is $249,900 while the median price of homes that sold is $159,000. The median rent price in 89705 is $1,000.

Foreclosures will be a factor impacting home values in the next several years. In 89705 3.2 homes are foreclosed (per 10,000). This is greater than the Minden value of 2.9 and also lower than the national value of 4.3

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 89705 is 3.6%, which is lower than the national value of 7.2%. 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 89705 homeowners underwater on their mortgage is 29.9%, which is higher than Minden at 19.1%.

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Relative ZHVI
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89705 Market Overview

Data through Jun 30, 2014
  • $207,000 ZHVI
  • 3.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $249,900 Median listing price
  • No recent data Median sale price
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89705 Market Health

Data through Jun 30, 2014
  • 8.2/10 Very healthy What's This?  
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    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 of days on Zillow
  • 29.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 3.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.2 homes 89705
2.9 homes Minden
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
89448 $643,800 89451 $579,300 89449 $313,200
89423 $304,000 89703 $277,400 89460 $210,100
89701 $171,400 89706 $169,500  

Listings & Sales

Data through Jun 30, 2014
  • $147 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.1% Listings with price cut
5.9%
Sold below listing
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89705 Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,208 89705
$1,450 Minden
$1,310 United States
  • No data Breakeven horizon
  • $1,000 Rent list price (May 31, 2014)
  • $0.83 Rent list price / sq ft (May 31, 2014)
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