Home Values

Munford 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

$129,900

  • 3.3% 1-year change
  • 3.5% 1-year forecast

The median home value in Munford is $129,900. Munford home values have gone up 3.3% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in Munford is $75, which is lower than the Memphis Metro average of $79. The median price of homes currently listed in Munford is $158,000 while the median price of homes that sold is $128,000. The median rent price in Munford is $875, which is lower than the Memphis Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Munford 7.9 homes are foreclosed (per 10,000). This is lower than the Memphis Metro value of 8.7 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 Munford is 5.1%, 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 Munford homeowners underwater on their mortgage is 19.8%, which is lower than Memphis Metro at 24.1%.

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Relative ZHVI
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Munford Market Overview

Data through Sep 30, 2014
  • $129,900 ZHVI
  • 3.5% 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
    (Sep 30, 2015)
  • $158,000 Median listing price
  • $128,000 Median sale price (Aug 31, 2014)
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Munford Market Health

Data through Sep 30, 2014
  • 1.9/10 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
  • 19.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.9 homes Munford
8.7 homes Memphis Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Lakeland $240,700
Arlington $202,800
Atoka $168,900
Name Median ZHVI
Bartlett $157,500
Brighton $132,100
Drummonds $119,000
Name Median ZHVI
Millington $104,400
Covington $97,500
Henning $63,500

Listings & Sales

Data through Sep 30, 2014
  • $75 Median list price / sq ft
  • $77 Median sale price / sq ft (Aug 31, 2014)
  • 38.1% Listings with price cut
28.6%
Sold below listing
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Munford Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,086 Munford
    $1,063 Memphis Metro
    $1,335 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)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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