Home Values

San Miguel 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

$294,500

  • 16.1% 1-year change
  • 6.1% 1-year forecast

The median home value in San Miguel is $294,500. San Miguel home values have gone up 16.1% over the past year and Zillow predicts they will rise 6.1% within the next year. The median list price per square foot in San Miguel is $205, which is lower than the San Luis Obispo Metro average of $302. The median price of homes currently listed in San Miguel is $344,900 while the median price of homes that sold is $346,882.

Foreclosures will be a factor impacting home values in the next several years. In San Miguel 9.9 homes are foreclosed (per 10,000). This is greater than the San Luis Obispo Metro value of 1.6 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 San Miguel is 3.5%, 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 San Miguel homeowners underwater on their mortgage is 15.0%, which is higher than San Luis Obispo Metro at 9.2%.

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Relative ZHVI
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San Miguel Market Overview

Data through Sep 30, 2014
  • $294,500 ZHVI
  • 6.1% 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
    (Sep 30, 2015)
  • $344,900 Median listing price
  • No recent data Median sale price
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San Miguel Market Health

Data through Sep 30, 2014
  • 9.0/10 Very 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
  • 15.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.9 homes(Jul 31, 2014) San Miguel
1.6 homes San Luis Obispo Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Cayucos $769,800
Cambria $617,900
Templeton $538,200
Name Median ZHVI
Morro Bay $511,700
Atascadero $427,200
Bradley $392,500
Name Median ZHVI
Paso Robles $391,000
Coalinga $132,500
Avenal $99,000

Listings & Sales

Data through Sep 30, 2014
  • $205 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 40.7% Listings with price cut
3.0%
Sold below listing
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San Miguel Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,672 San Miguel
    $1,986 San Luis Obispo Metro
    $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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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