Home Values

35243 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

$288,700

  • 2.7% 1-year change
  • 1.8% 1-year forecast

The median home value in 35243 is $288,700. 35243 home values have gone up 2.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 35243 is $137, which is lower than the Vestavia Hills average of $143. The median price of homes currently listed in 35243 is $349,900 while the median price of homes that sold is $243,845.

Foreclosures will be a factor impacting home values in the next several years. In 35243 1.2 homes are foreclosed (per 10,000). This is greater than the Vestavia Hills value of 0.5 and also lower than the national value of 3.9

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 35243 homeowners underwater on their mortgage is 11.8%, which is lower than Vestavia Hills at 16.0%.

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Relative ZHVI
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35243 Market Overview

Data through Feb 28, 2015
  • $288,700 ZHVI
  • 1.8% 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
    (Feb 29, 2016)
  • $349,900 Median listing price
  • $243,845 Median sale price
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35243 Market Health

Data through Feb 28, 2015
  • 9.0/10 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
  • 11.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
35223 $448,600
35213 $431,100
35242 $304,300
Name Median ZHVI
35209 $251,200
35216 $219,700
35222 $173,300
Name Median ZHVI
35205 $120,800
 
 

Listings & Sales

Data through Feb 28, 2015
  • $137 Median list price / sq ft
  • $125 Median sale price / sq ft
  • 5.8% Listings with price cut
17.0%
Sold below listing
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35243 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,598 35243
    $1,692 Vestavia Hills
    $1,355 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)
  • No data Rent list price
  • $0.97 Rent list price / sq ft
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