Home Values

89434 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

$197,500

  • 10.2% 1-year change
  • 3.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in 89434 is $197,500. 89434 home values have gone up 10.2% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 89434 is $127, which is lower than the Sparks average of $130. The median price of homes currently listed in 89434 is $229,000 while the median price of homes that sold is $194,225. The median rent price in 89434 is $1,200, which is lower than the Sparks median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In 89434 2.8 homes are foreclosed (per 10,000). This is lower than the Sparks value of 3.5 and also lower than the national value of 4.2

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 89434 is 8.7%, 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 89434 homeowners underwater on their mortgage is 22.2%, which is higher than Sparks at 20.8%.

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Relative ZHVI
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89434 Market Overview

Data through Nov 30, 2014
  • $197,500 ZHVI
  • 3.9% 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
    (Nov 30, 2015)
  • $229,000 Median listing price
  • $194,225 Median sale price
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89434 Market Health

Data through Nov 30, 2014
  • 5.6/10 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
  • 22.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes 89434
3.5 homes Sparks
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
89441 $296,200
89521 $295,500
89436 $261,000
Name Median ZHVI
89433 $172,700
89502 $162,900
89431 $147,600
Name Median ZHVI
89512 $115,000
 
 

Listings & Sales

Data through Nov 30, 2014
  • $127 Median list price / sq ft
  • $124 Median sale price / sq ft
  • No data Listings with price cut
16.7%
Sold below listing
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89434 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,285 89434
    $1,325 Sparks
    $1,342 United States

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

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price
  • $0.87 Rent list price / sq ft
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