Home Values

22015 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

$472,000

  • 3.6% 1-year change
  • -0.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 22015 is $472,000. 22015 home values have gone up 3.6% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in 22015 is $273, which is higher than the Washington Metro average of $203. The median price of homes currently listed in 22015 is $429,000 while the median price of homes that sold is $388,667. The median rent price in 22015 is $1,950, which is higher than the Washington Metro median of $1,855.

Foreclosures will be a factor impacting home values in the next several years. In 22015 0.7 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 4.7 and also lower than the national value of 4.2

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 22015 is 2.7%, which is lower 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 22015 homeowners underwater on their mortgage is 8.2%, which is lower than Washington Metro at 18.4%.

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Relative ZHVI
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22015 Market Overview

Data through Nov 30, 2014
  • $472,000 ZHVI
  • -0.3% 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
    (Nov 30, 2015)
  • $429,000 Median listing price
  • $388,667 Median sale price
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22015 Market Health

Data through Nov 30, 2014
  • 8.2/10 Very 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
  • 8.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes 22015
4.7 homes Washington Metro
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
22039 $765,600
22032 $547,200
22030 $506,600
Name Median ZHVI
22003 $488,100
22153 $482,600
22031 $480,700
Name Median ZHVI
22151 $443,800
22152 $442,400
 

Listings & Sales

Data through Nov 30, 2014
  • $273 Median list price / sq ft
  • $275 Median sale price / sq ft
  • No data Listings with price cut
18.9%
Sold below listing
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22015 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,448 22015
    $2,108 Washington Metro
    $1,342 United States

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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,950 Rent list price
  • $1.41 Rent list price / sq ft
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