44287 Home Prices & Values

$113,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.4% 1-year change
  • No data 1-year forecast

The median home value in 44287 is $113,800. 44287 home values have gone up 7.4% over the past year. The median list price per square foot in 44287 is $77, which is lower than the Cleveland Metro average of $87. The median price of homes currently listed in 44287 is $99,900 while the median price of homes that sold is $76,667.

Foreclosures will be a factor impacting home values in the next several years. In 44287 5.3 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 5.1 and also greater than the national value of 4.3

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 44287 is 3.7%, 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 44287 homeowners underwater on their mortgage is 16.3%, which is lower than Cleveland Metro at 20.8%.

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Relative ZHVI
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44287 Market Overview

Data through Aug 31, 2014
  • $113,800 ZHVI
  • No data 1-yr forecast
  • $99,900 Median listing price
  • No recent data Median sale price
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44287 Market Health

Data through Aug 31, 2014
  • 9.1/10 Very healthy What's This?  
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    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
  • 16.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.3 homes(Sep 30, 2012) 44287
5.1 homes Cleveland Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
44253 $176,900 44273 $160,100 44275 $159,000
44214 $139,900 44254 $127,700 44691 $123,000
44677 $122,000 44217 $119,300 44215 $109,200

Listings & Sales

Data through Aug 31, 2014
  • $77 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.7% Listings with price cut
38.0%
Sold below listing
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44287 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$889 44287
$1,147 Cleveland Metro
$1,328 United States
  • 1.7 Breakeven horizon What's This?  
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    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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