Home Values

53227 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

$136,500

  • 0.4% 1-year change
  • 0.7% 1-year forecast

The median home value in 53227 is $136,500. 53227 home values have gone up 0.4% over the past year and Zillow predicts they will rise 0.7% within the next year. The median price of homes currently listed in 53227 is $129,900 while the median price of homes that sold is $169,000. The median rent price in 53227 is $760, which is lower than the West Allis median of $800.

Foreclosures will be a factor impacting home values in the next several years. In 53227 10.3 homes are foreclosed (per 10,000). This is lower than the West Allis value of 32.5 and also greater than the national value of 4.5

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 53227 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 53227 homeowners underwater on their mortgage is 26.9%, which is lower than West Allis at 32.1%.

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Relative ZHVI
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53227 Market Overview

Data through Oct 31, 2014
  • $136,500 ZHVI
  • 0.7% 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
    (Oct 31, 2015)
  • $129,900 Median listing price
  • No recent data Median sale price
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53227 Market Health

Data through Oct 31, 2014
  • 0.4/10 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.
  • No data Average days on Zillow
  • 26.9% 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)

10.3 homes(Sep 30, 2014) 53227
32.5 homes(Feb 28, 2014) West Allis
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
53122 $328,200
53151 $222,600
53228 $134,300
Name Median ZHVI
53226 $133,100
53220 $123,000
53213 $115,400
Name Median ZHVI
53219 $114,600
53222 $105,800
53214 $98,300

Listings & Sales

Data through Oct 31, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 62.9% Listings with price cut
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53227 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,166 53227
    $1,337 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)
  • $760 Rent list price
  • $0.97 Rent list price / sq ft
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