Home Values

Red Boiling Springs 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

$84,800

  • 18.9% 1-year change
  • 1.5% 1-year forecast

The median home value in Red Boiling Springs is $84,800. Red Boiling Springs home values have gone up 18.9% over the past year and Zillow predicts they will rise 1.5% within the next year. The median price of homes currently listed in Red Boiling Springs is $79,900.

Foreclosures will be a factor impacting home values in the next several years. In Red Boiling Springs 8.7 homes are foreclosed (per 10,000). This is greater than the Nashville Metro value of 4.1 and also greater than the national value of 4.2

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 Red Boiling Springs is 4.2%, 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 Red Boiling Springs homeowners underwater on their mortgage is 24.2%, which is higher than Nashville Metro at 12.1%.

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Relative ZHVI
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Red Boiling Springs Market Overview

Data through Nov 30, 2014
  • $84,800 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
    (Nov 30, 2015)
  • $79,900 Median listing price
  • No data Median sale price
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Red Boiling Springs Market Health

Data through Nov 30, 2014
  • 7.5/10 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
  • 24.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.7 homes Red Boiling Springs
4.1 homes Nashville Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Elmwood $110,700
Pleasant Shade $108,500
Carthage $106,400
Name Median ZHVI
Whitleyville $95,900
Lafayette $92,500
Gainesboro $74,200

Listings & Sales

Data through Nov 30, 2014
  • $49 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
12.5%
Sold below listing
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Red Boiling Springs Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $828 Red Boiling Springs
    $1,315 Nashville Metro
    $1,342 United States

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

  • 0.9 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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