Home Values

91978 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

$418,300

  • 4.4% 1-year change
  • 2.3% 1-year forecast

The median home value in 91978 is $418,300. 91978 home values have gone up 4.4% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 91978 is $210, which is lower than the Spring Valley average of $229. The median price of homes currently listed in 91978 is $435,900 while the median price of homes that sold is $360,000. The median rent price in 91978 is $1,850, which is higher than the Spring Valley median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In 91978 4.7 homes are foreclosed (per 10,000). This is greater than the Spring Valley value of 4.2 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 91978 is 5.8%, which is lower 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 91978 homeowners underwater on their mortgage is 15.0%, which is higher than Spring Valley at 14.3%.

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Relative ZHVI
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91978 Market Overview

Data through Dec 31, 2014
  • $418,300 ZHVI
  • 2.3% 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
    (Dec 31, 2015)
  • $435,900 Median listing price
  • No recent data Median sale price
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91978 Market Health

Data through Dec 31, 2014
  • 3.8/10 Less 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
  • 15.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.7 homes 91978
4.2 homes Spring Valley
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
91914 $614,600
91902 $538,300
91941 $519,100
Name Median ZHVI
91915 $459,300
92019 $442,300
92020 $420,000
Name Median ZHVI
91942 $417,600
91977 $363,900
91945 $352,400

Listings & Sales

Data through Dec 31, 2014
  • $210 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 17.0% Listings with price cut
12.7%
Sold below listing
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91978 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,188 91978
    $2,017 Spring Valley
    $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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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