Home Values

Penrose 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

None

  • None 1-year change
  • None 1-year forecast

Foreclosures will be a factor impacting home values in the next several years. In Penrose 32.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Penrose is 6.7%, which is higher than the national value of 6.3%. 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 Penrose homeowners underwater on their mortgage is 13.6%.

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Relative ZHVI
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Penrose Market Overview

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Penrose Market Health

Data through Apr 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 13.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Laurel Park $221,400
Mills River $204,100
Horse Shoe $201,100
Name Median ZHVI
Pisgah Forest $198,000
Brevard $176,900
Zirconia $176,300
Name Median ZHVI
Etowah $174,400
Mountain Home $151,200
Valley Hill $148,500

Listings & Sales

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Penrose Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,259 Brevard Metro
    $1,364 United States

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

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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