Mineral Springs Home Prices & Values

$157,700 Zillow Home Value Index What's This?  
Close

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

  • 5.8% 1-year change
  • 1.8% 1-year forecast

The median home value in Mineral Springs is $157,700. Mineral Springs home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.8% within the next year. The median price of homes currently listed in Mineral Springs is $358,900.

Foreclosures will be a factor impacting home values in the next several years. In Mineral Springs 17.4 homes are foreclosed (per 10,000). This is greater than the Charlotte Metro value of 7.0 and also greater than the national value of 4.4

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 Mineral Springs is 0.0%, 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 Mineral Springs homeowners underwater on their mortgage is 15.8%, which is lower than Charlotte Metro at 17.3%.

more
Relative ZHVI
- +

Mineral Springs Market Overview

Data through Jul 31, 2014
  • $157,700 ZHVI
  • 1.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $358,900 Median listing price
  • No data 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

Mineral Springs Market Health

Data through Jul 31, 2014
  • 5.0/10 Stable What's This?  
    Close

    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
  • 15.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

17.4 homes(Nov 30, 2013) Mineral Springs
7 homes Charlotte Metro
4.4 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 Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Marvin $551,100 Weddington $397,300 Wesley Chapel $293,500
Matthews $214,900 Stallings $186,900 Indian Trail $165,800
Waxhaw $161,800 Monroe $126,500 Lancaster $103,400

Listings & Sales

Data through Jul 31, 2014
  • $81 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 8.3% Listings with price cut
15.4%
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

Mineral Springs Rentals

Data through Jul 31, 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
$1,215 Mineral Springs
$1,194 Charlotte Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data 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