Home Values

Orrville 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

$119,900

  • 1.9% 1-year change
  • None 1-year forecast

The median home value in Orrville is $119,900. Orrville home values have gone up 1.9% over the past year. The median list price per square foot in Orrville is $87, which is lower than the Wooster Metro average of $90. The median price of homes currently listed in Orrville is $128,900 while the median price of homes that sold is $105,223.

Foreclosures will be a factor impacting home values in the next several years. In Orrville 1.5 homes are foreclosed (per 10,000). This is lower 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 Orrville is 6.9%, 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 Orrville homeowners underwater on their mortgage is 13.8%.

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Relative ZHVI
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Orrville Market Overview

Data through Dec 31, 2014
  • $119,900 ZHVI
  • No data 1-yr forecast
  • $128,900 Median listing price
  • No recent data Median sale price
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Orrville Market Health

Data through Dec 31, 2014
  • 7.1/10 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
  • 13.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Apple Creek $147,200
Marshallville $144,600
Dalton $140,300
Name Median ZHVI
Sterling $140,300
Doylestown $137,600
North Lawrence $130,900
Name Median ZHVI
Smithville $122,300
Clinton $115,400
Rittman $97,900

Listings & Sales

Data through Dec 31, 2014
  • $87 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 17.4% Listings with price cut
28.0%
Sold below listing
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Orrville Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,115 Orrville
    $1,140 Wooster 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

  • 1.4 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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