Home Values

12981 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

$96,500

  • -1.7% 1-year change
  • None 1-year forecast

The median home value in 12981 is $96,500. 12981 home values have declined -1.7% over the past year. The median list price per square foot in 12981 is $76, which is lower than the Plattsburgh Metro average of $99. The median price of homes currently listed in 12981 is $89,900 while the median price of homes that sold is $120,231.

Foreclosures will be a factor impacting home values in the next several years. In 12981 16.7 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 12981 is 0.0%, 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 12981 homeowners underwater on their mortgage is 9.8%.

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Relative ZHVI
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12981 Market Overview

Data through Aug 31, 2014
  • $96,500 ZHVI
  • No data 1-yr forecast
  • $89,900 Median listing price
  • No recent data Median sale price
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12981 Market Health

Data through Aug 31, 2014
  • 6.1/10 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.
  • No data Average days on Zillow
  • 9.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
12962 $132,400
12918 $106,000
12912 $97,100
Name Median ZHVI
12935 $97,000
12910 $75,800
 

Listings & Sales

Data through Aug 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 18.2% Listings with price cut
6.8%
Sold below listing
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12981 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,687 12981
    $1,710 Plattsburgh Metro
    $1,328 United States

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

  • 0.7 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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