74857 Home Prices & Values

$110,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8% 1-year change
  • 3.2% 1-year forecast

The median home value in 74857 is $110,600. 74857 home values have gone up 2.8% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 74857 is $82, which is lower than the Norman average of $100. The median price of homes currently listed in 74857 is $83,000 while the median price of homes that sold is $130,000.

Foreclosures will be a factor impacting home values in the next several years. In 74857 2.8 homes are foreclosed (per 10,000). This is greater than the Norman value of 1.1 and also lower than the national value of 4.4

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 74857 is 4.5%, which is lower than the national value of 7.2%. 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 74857 homeowners underwater on their mortgage is 12.8%, which is higher than Norman at 11.4%.

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Relative ZHVI
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74857 Market Overview

Data through Jul 31, 2014
  • $110,600 ZHVI
  • 3.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $83,000 Median listing price
  • $130,000 Median sale price (Jun 30, 2014)
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74857 Market Health

Data through Jul 31, 2014
  • 8.0/10 Very healthy What's This?  
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    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.

  • No data Average of days on Zillow
  • 12.8% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.8 homes 74857
1.1 homes Norman
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
73150 $220,400 73165 $160,900 73020 $159,800
73045 $139,900 73026 $132,100 73130 $124,800
74851 $101,600 73068 $99,900 74801 $64,600

Listings & Sales

Data through Jul 31, 2014
  • $82 Median list price / sq ft
  • $72 Median sale price / sq ft (Jun 30, 2014)
  • 25.3% Listings with price cut
15.1%
Sold below listing
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74857 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,117 74857
$1,199 Norman
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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