Rutherford County Home Prices & Values

$83,500 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

  • 21.2% 1-year change
  • No data 1-year forecast

The median home value in Rutherford County is $83,500. Rutherford County home values have gone up 21.2% over the past year. The median list price per square foot in Rutherford County is $136, which is the same as the Forest City Metro average of $136. The median price of homes currently listed in Rutherford County is $199,500 while the median price of homes that sold is $87,500.

Foreclosures will be a factor impacting home values in the next several years. In Rutherford County 5.2 homes are foreclosed (per 10,000). This is 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 Rutherford County is 5.7%, 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 Rutherford County homeowners underwater on their mortgage is 14.9%.

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Relative ZHVI
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Rutherford County Market Overview

Data through Aug 31, 2014
  • $83,500 ZHVI
  • No data 1-yr forecast
  • $199,500 Median listing price
  • $87,500 Median sale price
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Rutherford County Market Health

Data through Aug 31, 2014
  • 6.3/10 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 days on Zillow
  • 14.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.2 homes Rutherford County
4.3 homes United States
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Nearby Counties

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Buncombe County $208,800 Henderson County $173,300 Lincoln County $157,200
Greenville County $144,300 Spartanburg County $111,600 Burke County $107,100
Gaston County $98,800 Cleveland County $88,200 Cherokee County $59,400

Listings & Sales

Data through Aug 31, 2014
  • $136 Median list price / sq ft
  • $80 Median sale price / sq ft
  • 33.8% Listings with price cut
20.8%
Sold below listing
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Rutherford County Rentals

Data through Aug 31, 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
$887 Rutherford County
$887 Forest City Metro
$1,328 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No recent data Rent list price / sq ft
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