Home Values

31605 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

$134,800

  • 10.0% 1-year change
  • 2.4% 1-year forecast

The median home value in 31605 is $134,800. 31605 home values have gone up 10.0% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in 31605 is $89, which is higher than the Valdosta average of $80. The median price of homes currently listed in 31605 is $144,900 while the median price of homes that sold is $142,525. The median rent price in 31605 is $995, which is higher than the Valdosta median of $750.

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 31605 is 3.3%, 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 31605 homeowners underwater on their mortgage is 37.9%, which is higher than Valdosta at 29.2%.

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Relative ZHVI
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31605 Market Overview

Data through Nov 30, 2014
  • $134,800 ZHVI
  • 2.4% 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)
  • $144,900 Median listing price
  • $142,525 Median sale price (Sep 30, 2014)
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31605 Market Health

Data through Nov 30, 2014
  • 4.6/10 Stable
    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
  • 37.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
31632 $158,700
31636 $137,000
31602 $128,800
Name Median ZHVI
31606 $113,100
 
 

Listings & Sales

Data through Nov 30, 2014
  • $89 Median list price / sq ft
  • $81 Median sale price / sq ft (Sep 30, 2014)
  • No data Listings with price cut
46.0%
Sold below listing
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31605 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,028 31605
    $945 Valdosta
    $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

  • 1.2 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
  • $0.66 Rent list price / sq ft
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