Home Values

Porter 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

$160,900

  • 0.6% 1-year change
  • -1.3% 1-year forecast

The median home value in Porter County is $160,900. Porter County home values have gone up 0.6% over the past year and Zillow predicts they will fall -1.3% within the next year. The median list price per square foot in Porter County is $107, which is lower than the Chicago Metro average of $133. The median price of homes currently listed in Porter County is $198,500 while the median price of homes that sold is $170,706.

Foreclosures will be a factor impacting home values in the next several years. In Porter County 6.0 homes are foreclosed (per 10,000). This is 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 Porter County is 5.4%, 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 Porter County homeowners underwater on their mortgage is 11.6%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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Porter County Market Overview

Data through Oct 31, 2014
  • $160,900 ZHVI
  • -1.3% 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)
  • $198,500 Median listing price
  • $170,706 Median sale price
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Porter County Market Health

Data through Oct 31, 2014
  • 2.0/10 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.
  • 102 Average days on Zillow (Sep 30, 2014)
  • 11.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6 homes Porter County
4.5 homes United States
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Nearby Counties

Name Median ZHVI
Cook County $185,900
Berrien County $131,600
Jasper County $120,500
Name Median ZHVI
Marshall County $112,100
Starke County $96,600
White County $93,700
Name Median ZHVI
Saint Joseph County $93,400
Newton County $87,400
Pulaski County $85,600

Listings & Sales

Data through Oct 31, 2014
  • $107 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 46.5% Listings with price cut
14.8%
Sold below listing
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Porter County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,365 Porter County
    $1,642 Chicago 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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.83 Rent list price / sq ft
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