Home Values

36116 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

$71,400

  • -4.4% 1-year change
  • 5.3% 1-year forecast

The median home value in 36116 is $71,400. 36116 home values have declined -4.4% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in 36116 is None. The median rent price in 36116 is $785, which is higher than the Montgomery median of $784.

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 36116 homeowners underwater on their mortgage is 33.6%, which is higher than Montgomery at 31.7%.

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Relative ZHVI
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36116 Market Overview

Data through Mar 31, 2015
  • $71,400 ZHVI
  • 5.3% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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36116 Market Health

Data through Mar 31, 2015
  • 1.1/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 33.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
36117 $137,200
36106 $132,500
36111 $106,100
Name Median ZHVI
36109 $93,200
36107 $50,200
36105 $49,400

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
55.8%
Sold below listing
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36116 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $830 36116
    $842 Montgomery
    $1,362 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $785 Rent list price
  • $0.63 Rent list price / sq ft
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