Home Values

Terrace Heights 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

$179,300

  • 0.6% 1-year change
  • 2.8% 1-year forecast

The median home value in Terrace Heights is $179,300. Terrace Heights home values have gone up 0.6% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Terrace Heights is $119, which is lower than the Yakima Metro average of $123. The median price of homes currently listed in Terrace Heights is $219,900 while the median price of homes that sold is $194,353.

Foreclosures will be a factor impacting home values in the next several years. In Terrace Heights 7.7 homes are foreclosed (per 10,000). This is greater than the Yakima Metro value of 5.2 and also greater than the national value of 4.0

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Relative ZHVI
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Terrace Heights Market Overview

Data through Sep 30, 2014
  • $179,300 ZHVI
  • 2.8% 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
    (Sep 30, 2015)
  • $219,900 Median listing price
  • No recent data Median sale price
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Terrace Heights Market Health

Data through Sep 30, 2014
  • 4.2/10 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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

7.7 homes Terrace Heights
5.2 homes Yakima Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
West Valley $248,800
Ahtanum $192,500
Selah $184,300
Name Median ZHVI
Gleed $173,000
Moxee $162,900
Zillah $155,100
Name Median ZHVI
Yakima $138,000
Wapato $100,100
Union Gap $92,900

Listings & Sales

Data through Sep 30, 2014
  • $119 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.6% Listings with price cut
8.3%
Sold below listing
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Terrace Heights Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,060 Terrace Heights
    $984 Yakima Metro
    $1,335 United States

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

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