Home Values

Terrell 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

$325,500

  • 1.6% 1-year change
  • 3.7% 1-year forecast

The median home value in Terrell is $325,500. Terrell home values have gone up 1.6% over the past year and Zillow predicts they will rise 3.7% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Terrell 6.5 homes are foreclosed (per 10,000). This is greater than the Terrell value of 2.3 and also greater than the national value of 3.9

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 Terrell is 0.0%, which is lower than the national value of 6.3%. 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 Terrell homeowners underwater on their mortgage is 3.5%, which is lower than Terrell at 9.1%.

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Relative ZHVI
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Terrell Market Overview

Data through Apr 30, 2015
  • $325,500 ZHVI
  • 3.7% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Terrell Market Health

Data through Apr 30, 2015
  • 5.7/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 3.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

6.5 homes(Mar 31, 2015) Terrell
2.3 homes Terrell
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Davidson $263,000
Denver $242,900
Cornelius $226,700
Name Median ZHVI
Huntersville $221,400
Sherrills Ford $211,000
Mooresville $192,100
Name Median ZHVI
Iron Station $136,900
Troutman $134,600
Catawba $106,200

Listings & Sales

  • No data
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Terrell Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,513 Terrell
    $1,276 Terrell
    $1,364 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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