Home Values

Raisin Township 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

$131,500

  • 9.3% 1-year change
  • None 1-year forecast

The median home value in Raisin Township is $131,500. Raisin Township home values have gone up 9.3% over the past year. The median list price per square foot in Raisin Township is $97, which is higher than the Adrian Metro average of $82. The median price of homes currently listed in Raisin Township is $145,000 while the median price of homes that sold is $149,700.

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 Raisin Township is 2.0%, 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 Raisin Township homeowners underwater on their mortgage is 17.2%.

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Relative ZHVI
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Raisin Township Market Overview

Data through Dec 31, 2014
  • $131,500 ZHVI
  • No data 1-yr forecast
  • $145,000 Median listing price
  • No recent data Median sale price
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Raisin Township Market Health

Data through Dec 31, 2014
  • 9.2/10 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
  • 17.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Manchester $207,900
Onsted $149,500
Clinton $148,000
Name Median ZHVI
Blissfield $115,800
Deerfield $108,900
Palmyra $104,100
Name Median ZHVI
Tecumseh $98,100
Madison Township $96,600
Adrian Township $70,600

Listings & Sales

Data through Dec 31, 2014
  • $97 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.6% Listings with price cut
26.2%
Sold below listing
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Raisin Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,070 Raisin Township
    $1,013 Adrian Metro
    $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

  • 1.2 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
  • No data Rent list price / sq ft
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