Theodore Home Prices & Values

$99,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3% 1-year change
  • 2.3% 1-year forecast

The median home value in Theodore is $99,800. Theodore home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Theodore is $84, which is higher than the Mobile Metro average of $83. The median price of homes currently listed in Theodore is $139,900 while the median price of homes that sold is $100,965. The median rent price in Theodore is $860, which is higher than the Mobile Metro median of $750.

Foreclosures will be a factor impacting home values in the next several years. In Theodore 18.8 homes are foreclosed (per 10,000). This is greater than the Mobile Metro value of 13.9 and also 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 Theodore is 3.8%, which is lower than the national value of 7.2%. 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 Theodore homeowners underwater on their mortgage is 30.0%, which is higher than Mobile Metro at 27.9%.

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Relative ZHVI
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Theodore Market Overview

Data through Jun 30, 2014
  • $99,800 ZHVI
  • 2.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $139,900 Median listing price
  • $100,965 Median sale price (May 31, 2014)
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Theodore Market Health

Data through Jun 30, 2014
  • 0.9/10 Less healthy What's This?  
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    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 of days on Zillow
  • 30.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 3.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

18.8 homes Theodore
13.9 homes Mobile Metro
4.3 homes United States
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Neighborhoods in Theodore

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Rochon $230,300 Westfield $107,900 Jefferson $88,900
Bellmont $88,800 Muddy Creek $86,400 Hillview $84,100

Listings & Sales

Data through Jun 30, 2014
  • $84 Median list price / sq ft
  • $69 Median sale price / sq ft (May 31, 2014)
  • 25.5% Listings with price cut
25.7%
Sold below listing
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Theodore Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$903 Theodore
$877 Mobile Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $860 Rent list price
  • $0.64 Rent list price / sq ft (May 31, 2014)
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