Home Values

Nesbit 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 price of homes currently listed in Nesbit is $249,900.

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 Nesbit is 4.9%, 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 Nesbit homeowners underwater on their mortgage is 18.0%, which is lower than Nesbit at 19.8%.

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Relative ZHVI
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Nesbit Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $249,900 Median listing price
  • No data Median sale price
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Nesbit Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 18.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Germantown $280,200
Collierville $267,000
Memphis $66,600

Listings & Sales

Data through Oct 31, 2014
  • $99 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.0% Listings with price cut
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Nesbit Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,436 Nesbit
    $1,395 Nesbit
    $1,337 United States

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

  • 2.0 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 data Rent list price
  • No data Rent list price / sq ft
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