Home Values

Tulare 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

$144,900

  • 11.2% 1-year change
  • 8.0% 1-year forecast

The median home value in Tulare is $144,900. Tulare home values have gone up 11.2% over the past year and Zillow predicts they will rise 8.0% within the next year. The median list price per square foot in Tulare is $110, which is lower than the Visalia Metro average of $118. The median price of homes currently listed in Tulare is $189,900 while the median price of homes that sold is $156,175. The median rent price in Tulare is $995, which is higher than the Visalia Metro median of $875.

Foreclosures will be a factor impacting home values in the next several years. In Tulare 5.1 homes are foreclosed (per 10,000). This is greater than the Visalia Metro value of 4.8 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 Tulare is 5.5%, which is lower than the national value of 6.9%. 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 Tulare homeowners underwater on their mortgage is 27.7%, which is higher than Visalia Metro at 27.4%.

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Relative ZHVI
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Tulare Market Overview

Data through Aug 31, 2014
  • $144,900 ZHVI
  • 8.0% 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
    (Aug 31, 2015)
  • $189,900 Median listing price
  • $156,175 Median sale price
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Tulare Market Health

Data through Aug 31, 2014
  • 3.3/10 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
  • 27.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.1 homes Tulare
4.8 homes Visalia Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Visalia $176,600
Hanford $160,000
Lindsay $136,500
Name Median ZHVI
Tipton $117,000
Strathmore $114,700
Farmersville $113,400
Name Median ZHVI
Pixley $108,100
Corcoran $100,100
Ivanhoe $98,900

Listings & Sales

Data through Aug 31, 2014
  • $110 Median list price / sq ft
  • $107 Median sale price / sq ft
  • 41.7% Listings with price cut
15.1%
Sold below listing
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Tulare Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,103 Tulare
    $1,112 Visalia Metro
    $1,328 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)
  • $995 Rent list price
  • $0.78 Rent list price / sq ft
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