South 48th Street Home Prices & Values

$120,000 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

  • 4.5% 1-year change
  • 3.2% 1-year forecast

The median home value in South 48th Street is $120,000. South 48th Street home values have gone up 4.5% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in South 48th Street is $96, which is lower than the Lincoln average of $122. The median price of homes currently listed in South 48th Street is $112,000 while the median price of homes that sold is $105,000.

Foreclosures will be a factor impacting home values in the next several years. In South 48th Street 4.3 homes are foreclosed (per 10,000). This is greater than the Lincoln value of 2.8 and also the same as the national value of 4.3

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Relative ZHVI
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South 48th Street Market Overview

Data through Aug 31, 2014
  • $120,000 ZHVI
  • 3.2% 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)
  • $112,000 Median listing price
  • No recent data Median sale price
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South 48th Street Market Health

Data through Aug 31, 2014
  • 6.6/10 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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

4.3 homes(Jun 30, 2014) South 48th Street
2.8 homes Lincoln
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Family Acres $240,600 Country Club $182,700 Colonial Hills $177,500
Eastridge $148,600 Greater South $138,600 40th & A $122,800
East Campus $116,300 Woods Park $97,300 Hartley $85,100

Listings & Sales

Data through Aug 31, 2014
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 71.4% Listings with price cut
63.6%
Sold below listing
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South 48th Street 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
$1,006 South 48th Street
$1,092 Lincoln
$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 data Rent list price
  • No data Rent list price / sq ft
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