Home Values

28574 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

$122,600

  • -7.3% 1-year change
  • 2.9% 1-year forecast

The median home value in 28574 is $122,600. 28574 home values have declined -7.3% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in 28574 is $93, which is higher than the Richlands average of $91. The median price of homes currently listed in 28574 is $150,000 while the median price of homes that sold is $126,650. The median rent price in 28574 is $925, which is higher than the Richlands median of $915.

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 28574 is 6.9%, which is lower than the national value of 6.9%. 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 28574 homeowners underwater on their mortgage is 50.3%, which is the same as Richlands at 50.3%.

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Relative ZHVI
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28574 Market Overview

Data through Sep 30, 2014
  • $122,600 ZHVI
  • 2.9% 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
    (Sep 30, 2015)
  • $150,000 Median listing price
  • $126,650 Median sale price
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28574 Market Health

Data through Sep 30, 2014
  • 0.0/10 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
  • 50.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
28445 $194,800
28454 $125,300
28546 $120,900
Name Median ZHVI
28540 $118,100
28555 $115,000
28544 $107,400
Name Median ZHVI
28466 $102,300
28518 $97,700
28521 $95,300

Listings & Sales

Data through Sep 30, 2014
  • $93 Median list price / sq ft
  • $84 Median sale price / sq ft
  • 26.3% Listings with price cut
36.8%
Sold below listing
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28574 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $883 28574
    $881 Richlands
    $1,335 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $925 Rent list price
  • $0.63 Rent list price / sq ft
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