Home Values

36604 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

$99,400

  • -4.2% 1-year change
  • 0.0% 1-year forecast

The median home value in 36604 is $99,400. 36604 home values have declined -4.2% over the past year and Zillow predicts they will rise 0.0% within the next year. The median list price per square foot in 36604 is $83, which is higher than the Mobile average of $82. The median price of homes currently listed in 36604 is $154,900 while the median price of homes that sold is $115,000. The median rent price in 36604 is $550, which is lower than the Mobile median of $795.

Foreclosures will be a factor impacting home values in the next several years. In 36604 9.8 homes are foreclosed (per 10,000). This is lower than the Mobile value of 13.4 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 36604 is 1.5%, which is lower than the national value of 6.4%. 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 36604 homeowners underwater on their mortgage is 26.5%, which is higher than Mobile at 25.8%.

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Relative ZHVI
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36604 Market Overview

Data through Jan 31, 2015
  • $99,400 ZHVI
  • 0.0% 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
    (Jan 31, 2016)
  • $154,900 Median listing price
  • $115,000 Median sale price (Dec 31, 2014)
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36604 Market Health

Data through Jan 31, 2015
  • 0.8/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 26.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.8 homes 36604
13.4 homes Mobile
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
36606 $72,500
36607 $53,800
36603 $43,700
Name Median ZHVI
36617 $41,700
36610 $34,900
 

Listings & Sales

Data through Jan 31, 2015
  • $83 Median list price / sq ft
  • $64 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
20.7%
Sold below listing
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36604 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $834 36604
    $904 Mobile
    $1,350 United States

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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $550 Rent list price
  • $0.55 Rent list price / sq ft
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