Home Values

Tecumseh 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

$65,500

  • 6.3% 1-year change
  • None 1-year forecast

The median home value in Tecumseh is $65,500. Tecumseh home values have gone up 6.3% over the past year. The median list price per square foot in Tecumseh is $60, which is lower than the Shawnee Metro average of $73. The median price of homes currently listed in Tecumseh is $69,900 while the median price of homes that sold is $66,000.

Foreclosures will be a factor impacting home values in the next several years. In Tecumseh 6.9 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 Tecumseh is 3.7%, which is lower than the national value of 6.9%. 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 Tecumseh homeowners underwater on their mortgage is 18.8%.

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Relative ZHVI
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Tecumseh Market Overview

Data through Aug 31, 2014
  • $65,500 ZHVI
  • No data 1-yr forecast
  • $69,900 Median listing price
  • No recent data Median sale price
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Tecumseh Market Health

Data through Aug 31, 2014
  • 2.8/10 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
  • 18.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.9 homes Tecumseh
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Harrah $134,700
Bethel Acres $124,200
McLoud $89,700
Name Median ZHVI
Lexington $84,200
Prague $80,800
Shawnee $70,500

Listings & Sales

Data through Aug 31, 2014
  • $60 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.4% Listings with price cut
16.7%
Sold below listing
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Tecumseh Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $747 Tecumseh
    $858 Shawnee Metro
    $1,328 United States

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

  • 1.1 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 data Rent list price
  • No data Rent list price / sq ft
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