Home Values

29909 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

$253,400

  • 10.5% 1-year change
  • None 1-year forecast

The median home value in 29909 is $253,400. 29909 home values have gone up 10.5% over the past year. The median list price per square foot in 29909 is $146, which is lower than the Okatie average of $147. The median price of homes currently listed in 29909 is $300,990 while the median price of homes that sold is $219,750. The median rent price in 29909 is $1,400, which is higher than the Okatie median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In 29909 2.5 homes are foreclosed (per 10,000). This is greater than the Okatie value of 2.1 and also lower 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 29909 is 6.2%, 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 29909 homeowners underwater on their mortgage is 10.3%, which is the same as Okatie at 10.3%.

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Relative ZHVI
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29909 Market Overview

Data through Oct 31, 2014
  • $253,400 ZHVI
  • No data 1-yr forecast
  • $300,990 Median listing price
  • $219,750 Median sale price
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29909 Market Health

Data through Oct 31, 2014
  • 7.9/10 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.
  • No data Average days on Zillow
  • 10.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes 29909
2.1 homes Okatie
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
29915 $512,000
29928 $456,700
29926 $394,100
Name Median ZHVI
29907 $221,900
29910 $215,900
29902 $171,400
Name Median ZHVI
29906 $155,200
29935 $141,300
 

Listings & Sales

Data through Oct 31, 2014
  • $146 Median list price / sq ft
  • $139 Median sale price / sq ft
  • 29.5% Listings with price cut
22.6%
Sold below listing
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29909 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,546 29909
    $1,538 Okatie
    $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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price (Sep 30, 2014)
  • $0.94 Rent list price / sq ft (Sep 30, 2014)
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