Home Values

Oconee County 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

$139,200

  • 4.9% 1-year change
  • None 1-year forecast

The median home value in Oconee County is $139,200. Oconee County home values have gone up 4.9% over the past year. The median list price per square foot in Oconee County is $118, which is the same as the Seneca Metro average of $118. The median price of homes currently listed in Oconee County is $199,000 while the median price of homes that sold is $145,965. The median rent price in Oconee County is $900, which is the same as the Seneca Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Oconee County 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Oconee County is 3.4%, 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 Oconee County homeowners underwater on their mortgage is 8.9%.

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Relative ZHVI
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Oconee County Market Overview

Data through Jan 31, 2015
  • $139,200 ZHVI
  • No data 1-yr forecast
  • $199,000 Median listing price
  • $145,965 Median sale price
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Oconee County Market Health

Data through Jan 31, 2015
  • 9.1/10 Very 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
  • 8.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Oconee County
4 homes United States
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Cities in Oconee County

Name Median ZHVI
Salem $243,200
Tamassee $173,200
Fair Play $167,700
Name Median ZHVI
West Union $145,100
Seneca $143,400
Mountain Rest $138,300
Name Median ZHVI
Westminster $121,800
Walhalla $116,800
 

Listings & Sales

Data through Jan 31, 2015
  • $118 Median list price / sq ft
  • $86 Median sale price / sq ft
  • No data Listings with price cut
17.4%
Sold below listing
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Oconee County Rentals

Data through Jan 31, 2015
  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • No data Rent list price / sq ft
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