Home Values

89705 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

$217,700

  • 12.2% 1-year change
  • 6.3% 1-year forecast

The median home value in 89705 is $217,700. 89705 home values have gone up 12.2% over the past year and Zillow predicts they will rise 6.3% within the next year. The median list price per square foot in 89705 is $165, which is lower than the Minden average of $171. The median price of homes currently listed in 89705 is $274,000 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 3.4 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 6.2%, which is lower 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 89705 homeowners underwater on their mortgage is 21.5%, which is higher than Minden at 16.0%.

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Relative ZHVI
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89705 Market Overview

Data through Aug 31, 2014
  • $217,700 ZHVI
  • 6.3% 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
    (Aug 31, 2015)
  • $274,000 Median listing price
  • No recent data Median sale price
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89705 Market Health

Data through Aug 31, 2014
  • 9.3/10 Very 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
  • 21.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.4 homes 89705
2.9 homes(Jun 30, 2014) Minden
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
89448 $647,900 89451 $587,000 89449 $322,500
89423 $306,700 89703 $282,900 89460 $216,700
89701 $177,600 89706 $175,100  

Listings & Sales

Data through Aug 31, 2014
  • $165 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.2% Listings with price cut
5.9%
Sold below listing
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89705 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,224 89705
    $1,493 Minden
    $1,328 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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