Home Values

Niles 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

$98,000

  • -1.2% 1-year change
  • 1.1% 1-year forecast

The median home value in Niles is $98,000. Niles home values have declined -1.2% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in Niles is $75, which is higher than the South Bend Metro average of $74. The median price of homes currently listed in Niles is $97,160 while the median price of homes that sold is $78,935. The median rent price in Niles is $750, which is higher than the South Bend Metro median of $675.

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 Niles is 4.4%, 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 Niles homeowners underwater on their mortgage is 22.0%.

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Relative ZHVI
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Niles Market Overview

Data through Jan 31, 2015
  • $98,000 ZHVI
  • 1.1% 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
    (Jan 31, 2016)
  • $97,160 Median listing price
  • $78,935 Median sale price
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Niles Market Health

Data through Jan 31, 2015
  • 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 22.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Oronoko Township $163,300
Edwardsburg $140,600
Eau Claire $132,300
Name Median ZHVI
Cassopolis $111,300
Buchanan $86,100
 

Listings & Sales

Data through Jan 31, 2015
  • $75 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
13.2%
Sold below listing
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Niles Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $926 Niles
    $872 South Bend Metro
    $1,350 United States

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

  • 3.1 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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