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 $123, which is lower than the Chicago Metro average of $128. The median price of homes currently listed in Munster is $197,000 while the median price of homes that sold is $183,225. The median rent price in Munster is $1,500, which is higher than the Chicago Metro median of $1,450.

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 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 Munster is 3.1%, 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 Munster homeowners underwater on their mortgage is 11.7%, which is lower than Chicago Metro at 25.3%.

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Relative ZHVI
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Munster Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $197,000 Median listing price
  • No recent data Median sale price
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Munster Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 11.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Lynwood $137,000
South Holland $126,600
Glenwood $108,300
Name Median ZHVI
Lansing $99,500
Ford Heights $98,900
Thornton $89,600
Name Median ZHVI
Burnham $85,100
Calumet City $73,500
Sauk Village $63,300

Listings & Sales

Data through Dec 31, 2014
  • $123 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 22.6% Listings with price cut
23.1%
Sold below listing
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Munster Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,577 Munster
    $1,623 Chicago 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

  • 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)
  • $1,500 Rent list price (Nov 30, 2014)
  • $1.04 Rent list price / sq ft (Nov 30, 2014)
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