Home Values

29506 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

$79,200

  • 5.3% 1-year change
  • 1.7% 1-year forecast

The median home value in 29506 is $79,200. 29506 home values have gone up 5.3% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 29506 is $86, which is higher than the Florence Metro average of $84. The median price of homes currently listed in 29506 is $124,900 while the median price of homes that sold is $46,100. The median rent price in 29506 is $750, which is lower than the Florence Metro median of $850.

Foreclosures will be a factor impacting home values in the next several years. In 29506 1.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

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 29506 is 6.0%, 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 29506 homeowners underwater on their mortgage is 15.5%.

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Relative ZHVI
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29506 Market Overview

Data through Oct 31, 2014
  • $79,200 ZHVI
  • 1.7% 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
    (Oct 31, 2015)
  • $124,900 Median listing price
  • No recent data Median sale price
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29506 Market Health

Data through Oct 31, 2014
  • 4.2/10 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.
  • No data Average days on Zillow
  • 15.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
29505 $131,000
29501 $130,700
29541 $109,900
Name Median ZHVI
29161 $92,700
29530 $87,900
29583 $86,400
Name Median ZHVI
29591 $77,000
29540 $70,600
29532 $70,300

Listings & Sales

Data through Oct 31, 2014
  • $86 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 24.3% Listings with price cut
9.1%
Sold below listing
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29506 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $971 29506
    $983 Florence Metro
    $1,337 United States

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

  • 1.1 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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