Home Values

29485 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

$174,300

  • 3.8% 1-year change
  • 0.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 29485 is $174,300. 29485 home values have gone up 3.8% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in 29485 is $99, which is lower than the Charleston Metro average of $141. The median price of homes currently listed in 29485 is $189,900 while the median price of homes that sold is $175,900. The median rent price in 29485 is $1,100, which is lower than the Charleston Metro median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In 29485 7.3 homes are foreclosed (per 10,000). This is greater than the Charleston Metro value of 4.4 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 29485 is 7.1%, 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 29485 homeowners underwater on their mortgage is 17.7%, which is higher than Charleston Metro at 17.1%.

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Relative ZHVI
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29485 Market Overview

Data through Jan 31, 2015
  • $174,300 ZHVI
  • 0.8% 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)
  • $189,900 Median listing price
  • $175,900 Median sale price
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29485 Market Health

Data through Jan 31, 2015
  • 0.4/10 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
  • 17.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.3 homes 29485
4.4 homes Charleston Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
29414 $199,600
29470 $182,200
29410 $182,000
Name Median ZHVI
29472 $168,900
29483 $146,700
29420 $143,800
Name Median ZHVI
29418 $127,700
29456 $124,500
29406 $120,800

Listings & Sales

Data through Jan 31, 2015
  • $99 Median list price / sq ft
  • $91 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
33.0%
Sold below listing
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29485 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,387 29485
    $1,423 Charleston 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

  • 1.8 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
  • $0.83 Rent list price / sq ft
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