$107,000 House For Sale
3 bed, 2.0 bath, 1,850 sqft
The median home value in Terrace Hills is $107,300. Terrace Hills home values have declined -0.6% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Terrace Hills is $64, which is lower than the Mobile average of $83. The median price of homes currently listed in Terrace Hills is $117,500 while the median price of homes that sold is $110,000. The median rent price in Terrace Hills is $775, which is higher than the Mobile median of $750.
Foreclosures will be a factor impacting home values in the next several years. In Terrace Hills 7.6 homes are foreclosed (per 10,000). This is lower than the Mobile value of 15.3 and also greater than the national value of 4.3more
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.
Homes foreclosed (per 10,000)