Home Values

Nitro 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

$86,800

  • -7.9% 1-year change
  • 1.9% 1-year forecast

The median home value in Nitro is $86,800. Nitro home values have declined -7.9% over the past year and Zillow predicts they will rise 1.9% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Nitro 1.7 homes are foreclosed (per 10,000). This is lower 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 Nitro is 3.3%, 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 Nitro homeowners underwater on their mortgage is 12.6%.

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Relative ZHVI
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Nitro Market Overview

Data through Apr 30, 2015
  • $86,800 ZHVI
  • 1.9% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Nitro Market Health

Data through Apr 30, 2015
  • 3.1/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 12.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Cross Lanes $120,900
Charleston $99,400
South Charleston $99,200
Name Median ZHVI
Upper Falls $93,000
Saint Albans $89,100
Sissonville $86,300
Name Median ZHVI
Dunbar $78,000
 
 

Listings & Sales

  • No data
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Nitro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $860 Nitro
    $964 Charleston Metro
    $1,364 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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