Home Values

Vale 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

$93,000

  • 6.0% 1-year change
  • None 1-year forecast

The median home value in Vale is $93,000. Vale home values have gone up 6.0% over the past year. The median price of homes currently listed in Vale is $99,000 while the median price of homes that sold is $50,000.

Foreclosures will be a factor impacting home values in the next several years. In Vale 4.7 homes are foreclosed (per 10,000). This is greater 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 Vale is 7.8%, which is higher 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 Vale homeowners underwater on their mortgage is 11.0%.

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Relative ZHVI
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Vale Market Overview

Data through Sep 30, 2014
  • $93,000 ZHVI
  • No data 1-yr forecast
  • $99,000 Median listing price
  • No recent data Median sale price
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Vale Market Health

Data through Sep 30, 2014
  • 5.8/10 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
  • 11.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.7 homes Vale
4 homes United States
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Nearby Cities

Name Median ZHVI
Hickory $123,200
Mountain View $107,700
Lincolnton $96,000
Name Median ZHVI
Cherryville $95,700
Hildebran $93,700
Newton $92,000
Name Median ZHVI
Icard $91,400
Longview $67,600
 

Listings & Sales

Data through Sep 30, 2014
  • $79 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.6% Listings with price cut
8.3%
Sold below listing
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Vale Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $906 Vale
    $1,126 Lincolnton Metro
    $1,335 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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