Somerton 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

$107,500

  • 7.4% 1-year change
  • 5.6% 1-year forecast

The median home value in Somerton is $107,500. Somerton home values have gone up 7.4% over the past year and Zillow predicts they will rise 5.6% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Somerton 8.0 homes are foreclosed (per 10,000). This is greater than the Yuma Metro value of 5.2 and also greater than the national value of 3.6

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 Somerton homeowners underwater on their mortgage is 36.9%, which is higher than Yuma Metro at 27.3%.

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Relative ZHVI
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Somerton Market Overview

Data through Jul 31, 2015
  • $107,500 ZHVI
  • 5.6% 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
  • $136,806 Median sale price
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Somerton Market Health

Data through Jul 31, 2015
  • 6.7/10 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
  • 36.9% Homes with negative equity (15.4% US Avg) (Dec 31, 2013)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

8 Somerton
5 Yuma Metro
4 United States
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Nearby Cities

Name Median ZHVI
Brawley $130,600
Holtville $126,100
Wellton $122,600
Name Median ZHVI
Yuma $119,100
San Luis $92,800
 

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $101 Median sale price / sq ft
  • No data Listings with price cut
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Somerton Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $863 Somerton
    $890 Yuma 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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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