14608 Home Prices & Values

$50,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -10.2% 1-year change
  • 3.2% 1-year forecast

The median home value in 14608 is $50,000. 14608 home values have declined -10.2% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 14608 is $49, which is higher than the Rochester average of $48. The median price of homes currently listed in 14608 is $89,000 while the median price of homes that sold is $58,900.

Foreclosures will be a factor impacting home values in the next several years. In 14608 18.9 homes are foreclosed (per 10,000). This is greater than the Rochester value of 8.4 and also greater than the national value of 4.3

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 14608 is 5.7%, which is lower than the national value of 7.2%. 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 14608 homeowners underwater on their mortgage is 9.0%, which is lower than Rochester at 11.7%.

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Relative ZHVI
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14608 Market Overview

Data through Jun 30, 2014
  • $50,000 ZHVI
  • 3.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $89,000 Median listing price
  • No recent data Median sale price
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14608 Market Health

Data through Jun 30, 2014
  • 1.1/10 Less healthy What's This?  
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    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 of days on Zillow
  • 9.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

18.9 homes(Jan 31, 2014) 14608
8.4 homes Rochester
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
14620 $124,800 14611 $49,200 14605 $44,400

Listings & Sales

Data through Jun 30, 2014
  • $49 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 24.0% Listings with price cut
18.2%
Sold below listing
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14608 Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$859 14608
$925 Rochester
$1,310 United States
  • 1.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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