Home Values

Munster 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Munster is $119, which is lower than the Chicago Metro average of $130. The median price of homes currently listed in Munster is $214,999 while the median price of homes that sold is $183,225. The median rent price in Munster is $1,500, which is lower than the Chicago Metro median of $1,629.

Foreclosures will be a factor impacting home values in the next several years. In Munster 4.6 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Munster is 3.8%, which is lower than the national value of 6.3%. 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 Munster homeowners underwater on their mortgage is 11.3%, which is lower than Chicago Metro at 25.1%.

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Relative ZHVI
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Munster Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • $214,999 Median listing price
  • No recent data Median sale price
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Munster Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 11.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Dyer $198,100
Schererville $196,400
Highland $142,500
Name Median ZHVI
Lynwood $130,900
Griffith $128,500
Lansing $94,800
Name Median ZHVI
Hammond $77,400
Calumet City $68,400
Sauk Village $54,800

Listings & Sales

Data through Feb 28, 2015
  • $119 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 15.5% Listings with price cut
23.1%
Sold below listing
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Munster Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,543 Munster
    $1,600 Chicago Metro
    $1,355 United States

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

  • 3.0 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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