Home Values

38058 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

$128,000

  • 1.3% 1-year change
  • 3.2% 1-year forecast

The median home value in 38058 is $128,000. 38058 home values have gone up 1.3% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 38058 is $79, which is the same as the Munford average of $79. The median price of homes currently listed in 38058 is $139,900 while the median price of homes that sold is $127,900. The median rent price in 38058 is $995, which is the same as the Munford median of $995.

Foreclosures will be a factor impacting home values in the next several years. In 38058 6.8 homes are foreclosed (per 10,000). This is the same as the Munford value of 6.8 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 38058 is 6.0%, 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 38058 homeowners underwater on their mortgage is 20.1%, which is the same as Munford at 20.1%.

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Relative ZHVI
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38058 Market Overview

Data through Dec 31, 2014
  • $128,000 ZHVI
  • 3.2% 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)
  • $139,900 Median listing price
  • No recent data Median sale price
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38058 Market Health

Data through Dec 31, 2014
  • 2.5/10 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
  • 20.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.8 homes 38058
6.8 homes Munford
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
38002 $209,400
38004 $168,500
38135 $151,200
Name Median ZHVI
38011 $130,600
38023 $120,700
38053 $108,000
Name Median ZHVI
38015 $101,400
38019 $97,400
38041 $64,400

Listings & Sales

Data through Dec 31, 2014
  • $79 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.7% Listings with price cut
30.8%
Sold below listing
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38058 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,095 38058
    $1,097 Munford
    $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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price (Nov 30, 2014)
  • $0.72 Rent list price / sq ft (Nov 30, 2014)
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