Mt Morris Township Home Prices & Values

$63,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 14.8% 1-year change
  • 3.3% 1-year forecast

The median home value in Mt Morris Township is $63,000. Mt Morris Township home values have gone up 14.8% over the past year and Zillow predicts they will rise 3.3% within the next year. The median price of homes currently listed in Mt Morris Township is $56,000 while the median price of homes that sold is $91,000. The median rent price in Mt Morris Township is $720, which is higher than the Flint Metro median of $600.

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 Mt Morris Township is 6.5%, 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 Mt Morris Township homeowners underwater on their mortgage is 42.5%.

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Relative ZHVI
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Mt Morris Township Market Overview

Data through Aug 31, 2014
  • $63,000 ZHVI
  • 3.3% 1-yr forecast What's This?  
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    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)
  • $56,000 Median listing price
  • $91,000 Median sale price (Jul 31, 2014)
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Mt Morris Township Market Health

Data through Aug 31, 2014
  • 9.7/10 Very healthy What's This?  
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    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
  • 42.5% Homes with negative equity (17.0% US Avg) (Mar 31, 2014)
  • 6.5% Delinquent on mortgage (6.9% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Clayton Township $118,700 Flushing Township $111,200 Vienna Township $97,400
Swartz Creek $94,400 Montrose Township $86,100 Clio $72,500
Mount Morris $49,300 Flint $36,400 Beecher $35,500

Listings & Sales

Data through Aug 31, 2014
  • $27 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
12.4%
Sold below listing
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Mt Morris Township Rentals

Data through Aug 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
$582 Mt Morris Township
$646 Flint Metro
$1,328 United States
  • 1.3 Breakeven horizon What's This?  
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    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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