Home Values

Town of Homer 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

$119,300

  • 5.7% 1-year change
  • None 1-year forecast

The median home value in Town of Homer is $119,300. Town of Homer home values have gone up 5.7% over the past year. The median list price per square foot in Town of Homer is $57, which is lower than the Cortland Metro average of $86. The median price of homes currently listed in Town of Homer is $135,000 while the median price of homes that sold is $127,200.

Foreclosures will be a factor impacting home values in the next several years. In Town of Homer 3.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Town of Homer is 7.0%, which is higher than the national value of 6.4%. 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 Town of Homer homeowners underwater on their mortgage is 6.3%.

Read more
Relative ZHVI
- +

Town of Homer Market Overview

Data through Jan 31, 2015
  • $119,300 ZHVI
  • No data 1-yr forecast
  • $135,000 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Homer Market Health

Data through Jan 31, 2015
  • 4.1/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 6.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.9 homes Town of Homer
4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Cortland West $178,100
Virgil $124,700
Town of Groton $123,300
Name Median ZHVI
Cortlandville $118,000
Munsons Corners $114,900
Cortland $85,000

Listings & Sales

Data through Jan 31, 2015
  • $57 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
41.7%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Homer Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,519 Town of Homer
    $1,473 Cortland Metro
    $1,350 United States

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

  • 1.3 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
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading