Home Values

Ravenna 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

$119,200

  • 11.4% 1-year change
  • 4.7% 1-year forecast

The median home value in Ravenna is $119,200. Ravenna home values have gone up 11.4% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Ravenna is $79, which is higher than the Muskegon Metro average of $69. The median price of homes currently listed in Ravenna is $117,900 while the median price of homes that sold is $92,000.

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 Ravenna is 4.4%, which is lower than the national value of 6.3%. 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 Ravenna homeowners underwater on their mortgage is 16.9%, which is lower than Muskegon Metro at 20.8%.

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Relative ZHVI
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Ravenna Market Overview

Data through Feb 28, 2015
  • $119,200 ZHVI
  • 4.7% 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
    (Feb 29, 2016)
  • $117,900 Median listing price
  • No recent data Median sale price
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Ravenna Market Health

Data through Feb 28, 2015
  • 6.9/10 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
  • 16.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Polkton Township $176,300
Conklin $137,200
Coopersville $123,200
Name Median ZHVI
Fruitport Township $122,600
Kent City $122,000
Casnovia $114,000
Name Median ZHVI
Sheridan Township $108,700
Grant $93,400
Wolf Lake $67,500

Listings & Sales

Data through Feb 28, 2015
  • $79 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 1.9% Listings with price cut
29.3%
Sold below listing
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Ravenna Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $855 Ravenna
    $826 Muskegon Metro
    $1,355 United States

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

  • 2.0 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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