Home Values

44041 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

$91,800

  • -1.8% 1-year change
  • None 1-year forecast

The median home value in 44041 is $91,800. 44041 home values have declined -1.8% over the past year. The median list price per square foot in 44041 is $73, which is lower than the Cleveland Metro average of $83. The median price of homes currently listed in 44041 is $101,000 while the median price of homes that sold is $122,500. The median rent price in 44041 is $280, which is lower than the Cleveland Metro median of $897.

Foreclosures will be a factor impacting home values in the next several years. In 44041 9.7 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 6.5 and also greater 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 44041 is 6.8%, which is higher 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 44041 homeowners underwater on their mortgage is 22.0%, which is higher than Cleveland Metro at 20.7%.

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Relative ZHVI
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44041 Market Overview

Data through Dec 31, 2014
  • $91,800 ZHVI
  • No data 1-yr forecast
  • $101,000 Median listing price
  • No recent data Median sale price
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44041 Market Health

Data through Dec 31, 2014
  • 0.1/10 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.
  • No data Average days on Zillow
  • 22.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.7 homes(Oct 31, 2014) 44041
6.5 homes Cleveland Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
44081 $155,400
44064 $149,800
44086 $147,600
Name Median ZHVI
44010 $140,600
44084 $129,600
44057 $126,100
Name Median ZHVI
44085 $115,000
44047 $101,900
44004 $67,400

Listings & Sales

Data through Dec 31, 2014
  • $73 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 15.9% Listings with price cut
18.5%
Sold below listing
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44041 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $991 44041
    $1,165 Cleveland Metro
    $1,345 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $280 Rent list price (Nov 30, 2014)
  • No data Rent list price / sq ft
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