Home Values

Mount Morris 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

$67,000

  • -2.0% 1-year change
  • 2.5% 1-year forecast

The median home value in Mount Morris is $67,000. Mount Morris home values have declined -2.0% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Mount Morris is $59,900.

Foreclosures will be a factor impacting home values in the next several years. In Mount Morris 7.3 homes are foreclosed (per 10,000). This is greater than the Rochester Metro value of 3.1 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 Mount Morris is 2.3%, 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 Mount Morris homeowners underwater on their mortgage is 17.2%, which is higher than Rochester Metro at 7.7%.

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Relative ZHVI
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Mount Morris Market Overview

Data through Dec 31, 2014
  • $67,000 ZHVI
  • 2.5% 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
    (Dec 31, 2015)
  • $59,900 Median listing price (Oct 31, 2014)
  • No data Median sale price
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Mount Morris Market Health

Data through Dec 31, 2014
  • 5.3/10 Stable
    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
  • 17.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.3 homes(Feb 29, 2008) Mount Morris
3.1 homes Rochester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Geneseo $158,300
Pavilion $110,600
Town of Leicester $109,200
Name Median ZHVI
York $105,900
Town of Castile $99,500
Town of Perry $72,700

Listings & Sales

Data through Dec 31, 2014
  • $48 Median list price / sq ft (Oct 31, 2014)
  • No recent data Median sale price / sq ft
  • 36.4% Listings with price cut
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Mount Morris Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,364 Mount Morris
    $1,404 Rochester Metro
    $1,345 United States

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

  • 0.7 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 data Rent list price
  • No data Rent list price / sq ft
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