Home Values

92359 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

$226,800

  • 5.6% 1-year change
  • 5.2% 1-year forecast

The median home value in 92359 is $226,800. 92359 home values have gone up 5.6% over the past year and Zillow predicts they will rise 5.2% within the next year. The median list price per square foot in 92359 is $160, which is lower than the Riverside Metro average of $164. The median price of homes currently listed in 92359 is $260,000 while the median price of homes that sold is $318,654. The median rent price in 92359 is $1,100, which is lower than the Riverside Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In 92359 6.8 homes are foreclosed (per 10,000). This is greater than the Riverside Metro value of 4.2 and also greater than the national value of 4.2

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 92359 is 8.3%, which is higher 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 92359 homeowners underwater on their mortgage is 22.9%, which is higher than Riverside Metro at 18.2%.

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Relative ZHVI
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92359 Market Overview

Data through Nov 30, 2014
  • $226,800 ZHVI
  • 5.2% 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
    (Nov 30, 2015)
  • $260,000 Median listing price
  • No recent data Median sale price
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92359 Market Health

Data through Nov 30, 2014
  • 5.0/10 Stable
    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
  • 22.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.8 homes 92359
4.2 homes Riverside Metro
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
92373 $423,300
92399 $305,400
92374 $293,900
Name Median ZHVI
92346 $266,900
92223 $260,500
92320 $258,600
Name Median ZHVI
92382 $158,500
92341 $144,200
92321 $138,800

Listings & Sales

Data through Nov 30, 2014
  • $160 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
21.4%
Sold below listing
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92359 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,403 92359
    $1,653 Riverside Metro
    $1,342 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)
  • $1,100 Rent list price
  • $1.17 Rent list price / sq ft
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