Home Values

45503 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

$89,400

  • 1.4% 1-year change
  • 2.3% 1-year forecast

The median home value in 45503 is $89,400. 45503 home values have gone up 1.4% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 45503 is $71, which is lower than the Springfield Metro average of $71. The median price of homes currently listed in 45503 is $89,900 while the median price of homes that sold is $88,075.

Foreclosures will be a factor impacting home values in the next several years. In 45503 8.5 homes are foreclosed (per 10,000). This is lower than the Springfield Metro value of 9.2 and also greater than the national value of 4.5

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 45503 is 5.7%, 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 45503 homeowners underwater on their mortgage is 23.2%, which is higher than Springfield Metro at 23.2%.

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Relative ZHVI
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45503 Market Overview

Data through Oct 31, 2014
  • $89,400 ZHVI
  • 2.3% 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
    (Oct 31, 2015)
  • $89,900 Median listing price
  • $88,075 Median sale price
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45503 Market Health

Data through Oct 31, 2014
  • 1.4/10 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
  • 23.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.5 homes 45503
9.2 homes Springfield Metro
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
45387 $190,300
45502 $149,300
45369 $140,400
Name Median ZHVI
45368 $122,700
45323 $115,200
43078 $110,000
Name Median ZHVI
45504 $100,800
45505 $53,700
45506 $51,700

Listings & Sales

Data through Oct 31, 2014
  • $71 Median list price / sq ft
  • $71 Median sale price / sq ft
  • 42.8% Listings with price cut
29.6%
Sold below listing
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45503 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $726 45503
    $720 Springfield Metro
    $1,337 United States

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

  • 2.4 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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