Home Values

Spencerville 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 price of homes currently listed in Spencerville is $579,000.

Foreclosures will be a factor impacting home values in the next several years. In Spencerville 47.6 homes are foreclosed (per 10,000). This is greater than the Spencerville value of 7.8 and also greater 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 Spencerville is 20.0%, 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 Spencerville homeowners underwater on their mortgage is 5.8%, which is lower than Spencerville at 21.8%.

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Relative ZHVI
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Spencerville Market Overview

  • No data
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Spencerville Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 5.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 20.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

47.6 homes(Oct 31, 2013) Spencerville
7.8 homes Spencerville
4 homes United States
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Nearby Cities

Name Median ZHVI
Clarksville $698,700
Highland $667,500
Sandy Spring $622,700
Name Median ZHVI
Fulton $601,100
Ashton $591,600
Olney $459,700
Name Median ZHVI
Silver Spring $373,600
Burtonsville $295,300
Beltsville $283,400

Listings & Sales

Data through Dec 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 23.1% Listings with price cut
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Spencerville Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,916 Spencerville
    $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

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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