Home Values

Pierce County 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

$242,000

  • 4.8% 1-year change
  • 6.0% 1-year forecast

The median home value in Pierce County is $242,000. Pierce County home values have gone up 4.8% over the past year and Zillow predicts they will rise 6.0% within the next year. The median list price per square foot in Pierce County is None. The median rent price in Pierce County is $1,345, which is lower than the Seattle Metro median of $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Pierce County 7.8 homes are foreclosed (per 10,000). This is greater than the Seattle Metro value of 4.7 and also 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 Pierce County is 7.8%, 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 Pierce County homeowners underwater on their mortgage is 23.2%, which is higher than Seattle Metro at 15.6%.

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Relative ZHVI
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Pierce County Market Overview

Data through Apr 30, 2015
  • $242,000 ZHVI
  • 6.0% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $249,250 Median sale price
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Pierce County Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • 103 Average days on Zillow (Mar 31, 2015)
  • 23.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.8 homes Pierce County
4.7 homes Seattle Metro
3.9 homes United States
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Cities in Pierce County

Name Median ZHVI
Bonney Lake $276,900
Eatonville $261,100
Graham $249,200
Name Median ZHVI
Buckley $247,900
Sumner $235,600
Puyallup $235,400
Name Median ZHVI
South Hill $230,400
Frederickson $214,100
Orting $213,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $139 Median sale price / sq ft
  • No data Listings with price cut
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Pierce County Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,488 Pierce County
    $1,858 Seattle 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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,345 Rent list price
  • $0.95 Rent list price / sq ft
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