Home Values

36561 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

$320,900

  • 0.4% 1-year change
  • None 1-year forecast

The median home value in 36561 is $320,900. 36561 home values have gone up 0.4% over the past year. The median list price per square foot in 36561 is None. The median rent price in 36561 is $1,800, which is the same as the Orange Beach median of $1,800.

Foreclosures will be a factor impacting home values in the next several years. In 36561 0.8 homes are foreclosed (per 10,000). This is greater than the Orange Beach value of 0.7 and also lower than the national value of 3.5

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 36561 homeowners underwater on their mortgage is 11.4%, which is higher than Orange Beach at 9.1%.

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Relative ZHVI
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36561 Market Overview

Data through May 31, 2015
  • $320,900 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $327,290 Median sale price
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36561 Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 11.4% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

0.8 homes(Mar 31, 2015) 36561
0.7 homes Orange Beach
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
36542 $208,800
36555 $186,400
36530 $178,700
Name Median ZHVI
32507 $156,200
36511 $151,700
36549 $144,700
Name Median ZHVI
36580 $132,000
36535 $131,100
32506 $88,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $199 Median sale price / sq ft
  • No data Listings with price cut
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36561 Rentals

Data through May 31, 2015
  • 6.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,800 Rent list price (Apr 30, 2015)
  • $0.80 Rent list price / sq ft (Apr 30, 2015)
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