Home Values

36607 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

$57,400

  • -1.0% 1-year change
  • 0.8% 1-year forecast

The median home value in 36607 is $57,400. 36607 home values have declined -1.0% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in 36607 is $75, which is lower than the Mobile average of $84. The median price of homes currently listed in 36607 is $124,900 while the median price of homes that sold is $175,000. The median rent price in 36607 is $695, which is lower than the Mobile median of $795.

Foreclosures will be a factor impacting home values in the next several years. In 36607 8.9 homes are foreclosed (per 10,000). This is lower than the Mobile value of 12.5 and also greater 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 36607 is 4.5%, 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 36607 homeowners underwater on their mortgage is 23.9%, which is lower than Mobile at 25.0%.

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Relative ZHVI
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36607 Market Overview

Data through Aug 31, 2014
  • $57,400 ZHVI
  • 0.8% 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)
  • $124,900 Median listing price
  • No recent data Median sale price
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36607 Market Health

Data through Aug 31, 2014
  • 0.9/10 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
  • 23.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.9 homes 36607
12.5 homes Mobile
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI
36604 $99,500
36606 $72,800
36612 $44,200
Name Median ZHVI
36617 $40,400
36610 $35,400
 

Listings & Sales

Data through Aug 31, 2014
  • $75 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.5% Listings with price cut
46.2%
Sold below listing
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36607 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $744 36607
    $909 Mobile
    $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

  • 0.9 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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