Home Values

22911 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

$276,400

  • 0.4% 1-year change
  • None 1-year forecast

The median home value in 22911 is $276,400. 22911 home values have gone up 0.4% over the past year. The median list price per square foot in 22911 is $160, which is lower than the Charlottesville Metro average of $162. The median price of homes currently listed in 22911 is $324,900 while the median price of homes that sold is $322,155. The median rent price in 22911 is $1,500, which is higher than the Charlottesville Metro median of $1,179.

Foreclosures will be a factor impacting home values in the next several years. In 22911 1.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

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 22911 is 3.8%, 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 22911 homeowners underwater on their mortgage is 13.1%.

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Relative ZHVI
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22911 Market Overview

Data through Oct 31, 2014
  • $276,400 ZHVI
  • No data 1-yr forecast
  • $324,900 Median listing price
  • $322,155 Median sale price
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22911 Market Health

Data through Oct 31, 2014
  • 1.0/10 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
  • 13.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
22923 $223,900
22942 $163,500
 

Listings & Sales

Data through Oct 31, 2014
  • $160 Median list price / sq ft
  • $167 Median sale price / sq ft
  • 36.7% Listings with price cut
30.4%
Sold below listing
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22911 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,680 22911
    $1,462 Charlottesville Metro
    $1,337 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $0.99 Rent list price / sq ft
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