Home Values

Southaven 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

$109,500

  • 2.4% 1-year change
  • 4.1% 1-year forecast

The median home value in Southaven is $109,500. Southaven home values have gone up 2.4% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in Southaven is None. The median rent price in Southaven is $995, which is higher than the Memphis Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Southaven 0.4 homes are foreclosed (per 10,000). This is lower than the Memphis Metro value of 8.2 and also lower than the national value of 3.9

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 Southaven is 5.5%, which is lower than the national value of 6.3%. 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 Southaven homeowners underwater on their mortgage is 30.0%, which is higher than Memphis Metro at 25.1%.

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Relative ZHVI
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Southaven Market Overview

Data through Apr 30, 2015
  • $109,500 ZHVI
  • 4.1% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $90,761 Median sale price (Mar 31, 2015)
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Southaven Market Health

Data through Apr 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 30.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.4 homes(Sep 30, 2011) Southaven
8.2 homes Memphis Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Germantown $270,900
Collierville $261,900
Piperton $182,100
Name Median ZHVI
Byhalia $120,700
Memphis $66,200
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $60 Median sale price / sq ft
  • No data Listings with price cut
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Southaven Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,173 Southaven
    $1,070 Memphis Metro
    $1,364 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
  • $995 Rent list price
  • $0.84 Rent list price / sq ft
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