Shafer 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

$164,000

  • 9.3% 1-year change
  • 4.0% 1-year forecast

The median home value in Shafer is $164,000. Shafer home values have gone up 9.3% over the past year and Zillow predicts they will rise 4.0% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Shafer 20.8 homes are foreclosed (per 10,000). This is greater than the Minneapolis-St Paul Metro value of 2.9 and also greater than the national value of 3.6

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 Shafer is 6.4%, which is higher than the national value of 6.0%. 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 Shafer homeowners underwater on their mortgage is 26.3%, which is higher than Minneapolis-St Paul Metro at 14.1%.

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Relative ZHVI
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Shafer Market Overview

Data through Jul 31, 2015
  • $164,000 ZHVI
  • 4.0% 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
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Shafer Market Health

Data through Jul 31, 2015
  • 5.8/10 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
  • 26.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

21(Apr 30, 2013) Shafer
3 Minneapolis-St Paul Metro
4 United States
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Nearby Cities

Name Median ZHVI
Marine on Saint Croix $298,800
Scandia $274,700
Houlton $268,400
Name Median ZHVI
Forest Lake $200,900
Somerset $187,400
 

Listings & Sales

  • No data
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Shafer Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,337 Shafer
    $1,527 Minneapolis-St Paul Metro
    $1,376 United States

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

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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