Home Values

Saraland 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

$105,700

  • -3.4% 1-year change
  • -0.5% 1-year forecast

The median home value in Saraland is $105,700. Saraland home values have declined -3.4% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Saraland is $94, which is higher than the Mobile Metro average of $83. The median price of homes currently listed in Saraland is $179,900 while the median price of homes that sold is $98,151. The median rent price in Saraland is $750, which is lower than the Mobile Metro median of $785.

Foreclosures will be a factor impacting home values in the next several years. In Saraland 8.2 homes are foreclosed (per 10,000). This is lower than the Mobile Metro value of 12.0 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 Saraland is 4.9%, 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 Saraland homeowners underwater on their mortgage is 18.7%, which is lower than Mobile Metro at 24.2%.

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Relative ZHVI
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Saraland Market Overview

Data through Jan 31, 2015
  • $105,700 ZHVI
  • -0.5% 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
    (Jan 31, 2016)
  • $179,900 Median listing price
  • $98,151 Median sale price (Dec 31, 2014)
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Saraland Market Health

Data through Jan 31, 2015
  • 1.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 18.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.2 homes Saraland
12 homes Mobile Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Satsuma $128,900
Chunchula $123,400
Semmes $122,600
Name Median ZHVI
Axis $116,900
Creola $114,400
Mobile $99,700
Name Median ZHVI
Eight Mile $93,700
Chickasaw $57,900
Prichard $41,200

Listings & Sales

Data through Jan 31, 2015
  • $94 Median list price / sq ft
  • $71 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
29.5%
Sold below listing
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Saraland Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $888 Saraland
    $897 Mobile Metro
    $1,350 United States

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

  • 1.7 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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