Home Values

Salida 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

$245,100

  • 15.6% 1-year change
  • 9.1% 1-year forecast

The median home value in Salida is $245,100. Salida home values have gone up 15.6% over the past year and Zillow predicts they will rise 9.1% within the next year. The median list price per square foot in Salida is $153, which is higher than the Modesto Metro average of $142. The median price of homes currently listed in Salida is $235,000 while the median price of homes that sold is $220,000. The median rent price in Salida is $1,295, which is higher than the Modesto Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Salida 8.0 homes are foreclosed (per 10,000). This is greater than the Modesto Metro value of 4.1 and also greater than the national value of 4.0

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 Salida is 6.1%, 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 Salida homeowners underwater on their mortgage is 19.6%, which is lower than Modesto Metro at 21.1%.

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Relative ZHVI
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Salida Market Overview

Data through Dec 31, 2014
  • $245,100 ZHVI
  • 9.1% 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
    (Dec 31, 2015)
  • $235,000 Median listing price
  • $220,000 Median sale price (Nov 30, 2014)
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Salida Market Health

Data through Dec 31, 2014
  • 4.2/10 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
  • 19.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8 homes Salida
4.1 homes Modesto Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Ripon $346,000
Manteca $286,200
Escalon $264,200
Name Median ZHVI
Modesto $204,800
Ceres $203,800
 

Listings & Sales

Data through Dec 31, 2014
  • $153 Median list price / sq ft
  • $173 Median sale price / sq ft (Nov 30, 2014)
  • 14.3% Listings with price cut
5.9%
Sold below listing
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Salida Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,299 Salida
    $1,207 Modesto Metro
    $1,345 United States

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

  • 0.7 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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