Saraland Home Prices & Values

$110,000 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

  • 0.4% 1-year change
  • 1.5% 1-year forecast

The median home value in Saraland is $110,000. Saraland home values have gone up 0.4% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Saraland is $93, which is higher than the Mobile Metro average of $84. The median price of homes currently listed in Saraland is $170,900 while the median price of homes that sold is $133,973. The median rent price in Saraland is $750, which is lower than the Mobile Metro median of $795.

Foreclosures will be a factor impacting home values in the next several years. In Saraland 5.3 homes are foreclosed (per 10,000). This is lower than the Mobile Metro value of 11.0 and also 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 Saraland is 4.0%, 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 Saraland homeowners underwater on their mortgage is 18.9%, which is lower than Mobile Metro at 23.8%.

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Relative ZHVI
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Saraland Market Overview

Data through Aug 31, 2014
  • $110,000 ZHVI
  • 1.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $170,900 Median listing price
  • $133,973 Median sale price
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Saraland Market Health

Data through Aug 31, 2014
  • 0.6/10 Less 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
  • 18.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.3 homes Saraland
11 homes Mobile Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Satsuma $124,600 Chunchula $120,900 Semmes $119,500
Axis $116,600 Creola $116,200 Mobile $99,100
Eight Mile $90,700 Chickasaw $60,300 Prichard $45,200

Listings & Sales

Data through Aug 31, 2014
  • $93 Median list price / sq ft
  • $76 Median sale price / sq ft
  • 30.6% Listings with price cut
32.5%
Sold below listing
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Saraland 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
$893 Saraland
$900 Mobile Metro
$1,328 United States
  • 1.7 Breakeven horizon What's This?  
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    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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