Home Values

Patterson 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

  • 17.0% 1-year change
  • 9.2% 1-year forecast

The median home value in Patterson is $253,400. Patterson home values have gone up 17.0% over the past year and Zillow predicts they will rise 9.2% within the next year. The median list price per square foot in Patterson is $117, which is lower than the Modesto Metro average of $142. The median price of homes currently listed in Patterson is $278,000 while the median price of homes that sold is $263,200. The median rent price in Patterson is $1,400, which is higher than the Modesto Metro median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Patterson 5.5 homes are foreclosed (per 10,000). This is greater than the Modesto Metro value of 4.3 and also greater 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 Patterson is 6.0%, which is lower 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 Patterson homeowners underwater on their mortgage is 22.6%, which is higher than Modesto Metro at 21.1%.

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Relative ZHVI
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Patterson Market Overview

Data through Jan 31, 2015
  • $253,400 ZHVI
  • 9.2% 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
    (Jan 31, 2016)
  • $278,000 Median listing price
  • $263,200 Median sale price
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Patterson Market Health

Data through Jan 31, 2015
  • 5.8/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 22.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.5 homes Patterson
4.3 homes Modesto Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Tracy $378,800
Ripon $346,300
Lathrop $291,600
Name Median ZHVI
Manteca $286,100
Salida $245,800
Hilmar $239,500
Name Median ZHVI
Modesto $205,900
Ceres $205,000
Keyes $148,400

Listings & Sales

Data through Jan 31, 2015
  • $117 Median list price / sq ft
  • $105 Median sale price / sq ft
  • No data Listings with price cut
18.5%
Sold below listing
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Patterson Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,357 Patterson
    $1,217 Modesto Metro
    $1,350 United States

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

  • 0.6 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
  • $0.65 Rent list price / sq ft
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