35043 Home Prices & Values

$216,300 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

  • 3.8% 1-year change
  • 1.4% 1-year forecast

The median home value in 35043 is $216,300. 35043 home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in 35043 is $94, which is lower than the Pelham average of $126. The median price of homes currently listed in 35043 is $223,400 while the median price of homes that sold is $224,884. The median rent price in 35043 is $1,295, which is higher than the Pelham median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In 35043 3.4 homes are foreclosed (per 10,000). This is lower than the Pelham value of 7.0 and also lower than the national value of 4.4

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 35043 is 2.8%, 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 35043 homeowners underwater on their mortgage is 16.6%, which is higher than Pelham at 15.9%.

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Relative ZHVI
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35043 Market Overview

Data through Jul 31, 2014
  • $216,300 ZHVI
  • 1.4% 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

    (Jul 31, 2015)
  • $223,400 Median listing price
  • $224,884 Median sale price (Jun 30, 2014)
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35043 Market Health

Data through Jul 31, 2014
  • 2.7/10 Less 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 days on Zillow
  • 16.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.4 homes 35043
7 homes Pelham
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
35242 $316,700 35243 $289,600 35244 $261,000
35216 $230,000 35186 $177,800 35124 $175,200
35147 $169,500 35007 $149,200 35051 $139,700

Listings & Sales

Data through Jul 31, 2014
  • $94 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.9% Listings with price cut
39.3%
Sold below listing
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35043 Rentals

Data through Jul 31, 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
$1,519 35043
$1,277 Pelham
$1,318 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)
  • $1,295 Rent list price
  • No data Rent list price / sq ft
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