South Central Home Prices & Values

$254,100 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

  • 13.9% 1-year change
  • 3.8% 1-year forecast

The median home value in South Central is $254,100. South Central home values have gone up 13.9% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in South Central is $161, which is higher than the Reno average of $149. The median price of homes currently listed in South Central is $359,000 while the median price of homes that sold is $264,750.

Foreclosures will be a factor impacting home values in the next several years. In South Central 2.7 homes are foreclosed (per 10,000). This is lower than the Reno value of 3.5 and also lower than the national value of 4.3

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Relative ZHVI
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South Central Market Overview

Data through Aug 31, 2014
  • $254,100 ZHVI
  • 3.8% 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)
  • $359,000 Median listing price
  • $264,750 Median sale price
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South Central Market Health

Data through Aug 31, 2014
  • 5.3/10 Stable 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)

2.7 homes South Central
3.5 homes Reno
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Southwest $304,600 South Reno $275,400 Northwest $271,400
Old Northwest - West University $179,800 North Valleys $169,100 East Reno $142,000
Northeast $112,200    

Listings & Sales

Data through Aug 31, 2014
  • $161 Median list price / sq ft
  • $143 Median sale price / sq ft
  • 36.1% Listings with price cut
27.7%
Sold below listing
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South Central 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
$1,429 South Central
$1,340 Reno
$1,328 United States
  • 2.0 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
  • $0.87 Rent list price / sq ft
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