Oracle Home Prices & Values

$169,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.2% 1-year change
  • 6.5% 1-year forecast

The median home value in Oracle is $169,400. Oracle home values have gone up 5.2% over the past year and Zillow predicts they will rise 6.5% within the next year. The median price of homes currently listed in Oracle is $225,000. The median rent price in Oracle is $700, which is lower than the Phoenix Metro median of $1,175.

Foreclosures will be a factor impacting home values in the next several years. In Oracle 5.8 homes are foreclosed (per 10,000). This is greater than the Phoenix Metro value of 4.1 and also 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 Oracle is 3.4%, which is lower than the national value of 7.2%. 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 Oracle homeowners underwater on their mortgage is 15.6%, which is lower than Phoenix Metro at 22.7%.

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Relative ZHVI
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Oracle Market Overview

Data through Jun 30, 2014
  • $169,400 ZHVI
  • 6.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $225,000 Median listing price
  • No data Median sale price
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Oracle Market Health

Data through Jun 30, 2014
  • 9.6/10 Very healthy What's This?  
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    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 of days on Zillow
  • 15.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 3.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

5.8 homes(Feb 28, 2014) Oracle
4.1 homes Phoenix Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Catalina Foothills $383,100 Tanque Verde $351,500 Tortolita $338,000
Oro Valley $264,700 Catalina $232,500 Tucson $136,600
Flowing Wells $100,800 Kearny $84,600 San Manuel $63,300

Listings & Sales

Data through Jun 30, 2014
  • $129 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 35.9% Listings with price cut
26.0%
Sold below listing
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Oracle Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$925 Oracle
$1,195 Phoenix Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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