Home Values

Portage 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

$140,600

  • 5.2% 1-year change
  • 1.5% 1-year forecast

The median home value in Portage County is $140,600. Portage County home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Portage County is $98, which is higher than the Akron Metro average of $85. The median price of homes currently listed in Portage County is $172,000 while the median price of homes that sold is $137,125. The median rent price in Portage County is $1,095, which is higher than the Akron Metro median of $725.

Foreclosures will be a factor impacting home values in the next several years. In Portage County 6.7 homes are foreclosed (per 10,000). This is lower than the Akron Metro value of 13.3 and also greater than the national value of 4.5

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 Portage County is 5.0%, 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 Portage County homeowners underwater on their mortgage is 15.6%, which is lower than Akron Metro at 18.5%.

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Relative ZHVI
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Portage County Market Overview

Data through Oct 31, 2014
  • $140,600 ZHVI
  • 1.5% 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
    (Oct 31, 2015)
  • $172,000 Median listing price
  • $137,125 Median sale price
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Portage County Market Health

Data through Oct 31, 2014
  • 3.1/10 Less 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
  • 15.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.7 homes Portage County
13.3 homes Akron Metro
4.5 homes United States
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Cities in Portage County

Name Median ZHVI
Hiram $181,300
Mantua $165,000
Atwater $153,300
Name Median ZHVI
Rootstown $137,900
Streetsboro $137,200
Kent $120,600
Name Median ZHVI
Brimfield $113,900
Windham $92,800
Ravenna $85,300

Listings & Sales

Data through Oct 31, 2014
  • $98 Median list price / sq ft
  • $94 Median sale price / sq ft
  • 37.1% Listings with price cut
20.4%
Sold below listing
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Portage County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,088 Akron Metro
    $1,337 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
    (Jun 30, 2014)
  • $1,095 Rent list price
  • No data Rent list price / sq ft
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