Bay Minette 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

$120,700

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

The median home value in Bay Minette is $120,700. Bay Minette home values have gone up 1.9% over the past year.

Foreclosures will be a factor impacting home values in the next several years. In Bay Minette 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

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 Bay Minette is 4.7%, which is lower than the national value of 6.0%. 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 Bay Minette homeowners underwater on their mortgage is 14.2%.

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Relative ZHVI
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Bay Minette Market Overview

Data through Jul 31, 2015
  • $120,700 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $64,340 Median sale price (Jun 30, 2015)
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Bay Minette Market Health

Data through Jul 31, 2015
  • 8.7/10 Very 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
  • 14.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Bay Minette
4 United States
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Nearby Cities

Name Median ZHVI
Spanish Fort $220,800
Stapleton $155,000
Daphne $152,700
Name Median ZHVI
Loxley $139,600
Satsuma $120,900
Perdido $113,800
Name Median ZHVI
Creola $108,300
Axis $105,400
Mc David $96,400

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $61 Median sale price / sq ft
  • No data Listings with price cut
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Bay Minette Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,141 Bay Minette
    $1,369 Daphne Metro
    $1,376 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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