Home Values

36612 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

$42,500

  • -5.1% 1-year change
  • 3.0% 1-year forecast

The median home value in 36612 is $42,500. 36612 home values have declined -5.1% over the past year and Zillow predicts they will rise 3.0% within the next year. The median price of homes currently listed in 36612 is $14,900. The median rent price in 36612 is $660.

Foreclosures will be a factor impacting home values in the next several years. In 36612 14.5 homes are foreclosed (per 10,000). This is greater than the Prichard value of 8.4 and also greater than the national value of 4.0

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 36612 is 4.1%, which is lower than the national value of 6.4%. 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 36612 homeowners underwater on their mortgage is 33.5%, which is higher than Prichard at 25.8%.

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Relative ZHVI
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36612 Market Overview

Data through Dec 31, 2014
  • $42,500 ZHVI
  • 3.0% 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
    (Dec 31, 2015)
  • No recent data Median listing price
  • No data Median sale price
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36612 Market Health

Data through Dec 31, 2014
  • 0.9/10 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
  • 33.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

14.5 homes 36612
8.4 homes Prichard
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
36604 $100,100
36618 $82,000
36606 $72,800
Name Median ZHVI
36611 $58,200
36607 $54,500
36617 $41,200
Name Median ZHVI
36610 $34,300
 
 

Listings & Sales

Data through Dec 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.6% Listings with price cut
17.3%
Sold below listing
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36612 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $711 36612
    $701 Prichard
    $1,345 United States

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

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