Home Values

34231 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

$193,200

  • 12.3% 1-year change
  • 1.2% 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

Cold

Buyers' Market
Sellers' Market

The median home value in 34231 is $193,200. 34231 home values have gone up 12.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in 34231 is $167, which is higher than the Vamo average of $162. The median price of homes currently listed in 34231 is $250,000 while the median price of homes that sold is $182,100. The median rent price in 34231 is $2,000.

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 34231 is 15.4%, which is higher 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 34231 homeowners underwater on their mortgage is 13.3%, which is higher than Vamo at 8.4%.

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Relative ZHVI
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34231 Market Overview

Data through Jan 31, 2015
  • $193,200 ZHVI
  • 1.2% 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
    (Jan 31, 2016)
  • $250,000 Median listing price
  • $182,100 Median sale price
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34231 Market Health

Data through Jan 31, 2015
  • 4.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 13.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
34242 $547,300
34236 $498,700
34229 $408,000
Name Median ZHVI
34238 $321,800
34239 $214,800
34233 $204,800
Name Median ZHVI
34232 $166,600
34237 $128,900
34234 $106,500

Listings & Sales

Data through Jan 31, 2015
  • $167 Median list price / sq ft
  • $141 Median sale price / sq ft
  • No data Listings with price cut
21.7%
Sold below listing
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34231 Rentals

Data through Jan 31, 2015
  • 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)
  • $2,000 Rent list price
  • No data Rent list price / sq ft
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