Home Values

38671 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in 38671 is $76, which is lower than the Southaven average of $89. The median price of homes currently listed in 38671 is $100,000 while the median price of homes that sold is $76,961. The median rent price in 38671 is $880, which is lower than the Southaven median of $905.

Foreclosures will be a factor impacting home values in the next several years. In 38671 0.6 homes are foreclosed (per 10,000). This is greater than the Southaven value of 0.4 and also lower than the national value of 4.0

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 38671 is 6.6%, which is higher than the national value of 6.4%. 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 38671 homeowners underwater on their mortgage is 30.5%, which is lower than Southaven at 31.9%.

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Relative ZHVI
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38671 Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $100,000 Median listing price
  • No recent data Median sale price
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38671 Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 30.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
38141 $87,500
38116 $78,400
38118 $56,800
Name Median ZHVI
38106 $33,700
38114 $32,600
 

Listings & Sales

Data through Dec 31, 2014
  • $76 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 10.1% Listings with price cut
33.3%
Sold below listing
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38671 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,037 38671
    $1,162 Southaven
    $1,345 United States

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

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $880 Rent list price
  • $0.84 Rent list price / sq ft
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