Home Values

Rex 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

$76,300

  • 18.8% 1-year change
  • 7.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Rex is $76,300. Rex home values have gone up 18.8% over the past year and Zillow predicts they will rise 7.2% within the next year. The median list price per square foot in Rex is None. The median rent price in Rex is $899, which is lower than the Atlanta Metro median of $1,150.

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 Rex homeowners underwater on their mortgage is 65.8%, which is higher than Atlanta Metro at 26.1%.

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Relative ZHVI
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Rex Market Overview

Data through Mar 31, 2015
  • $76,300 ZHVI
  • 7.2% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $73,824 Median sale price (Jan 31, 2015)
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Rex Market Health

Data through Mar 31, 2015
  • 3.6/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 65.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Cities

Name Median ZHVI
Stockbridge $100,100
Gresham Park $87,700
Lovejoy $72,200
Name Median ZHVI
Hapeville $68,200
Candler-Mcafee $59,300
Panthersville $58,800
Name Median ZHVI
Riverdale $56,700
Jonesboro $49,600
Forest Park $39,200

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $47 Median sale price / sq ft (Jan 31, 2015)
  • No data Listings with price cut
35.8%
Sold below listing
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Rex Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $860 Rex
    $1,244 Atlanta Metro
    $1,362 United States

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

  • 0.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $899 Rent list price
  • $0.64 Rent list price / sq ft
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