63040 Home Prices & Values

$264,000 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

  • 1.1% 1-year change
  • 0.4% 1-year forecast

The median home value in 63040 is $264,000. 63040 home values have gone up 1.1% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in 63040 is $132, which is lower than the Wildwood average of $152. The median price of homes currently listed in 63040 is $319,900 while the median price of homes that sold is $304,532. The median rent price in 63040 is $1,900.

Foreclosures will be a factor impacting home values in the next several years. In 63040 1.8 homes are foreclosed (per 10,000). This is greater than the Wildwood value of 0.9 and also lower than the national value of 4.4

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 63040 is 1.8%, 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 63040 homeowners underwater on their mortgage is 12.0%, which is higher than Wildwood at 11.1%.

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Relative ZHVI
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63040 Market Overview

Data through Jul 31, 2014
  • $264,000 ZHVI
  • 0.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $319,900 Median listing price
  • $304,532 Median sale price
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63040 Market Health

Data through Jul 31, 2014
  • 3.1/10 Less 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
  • 12.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes(May 31, 2014) 63040
0.9 homes Wildwood
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
63005 $499,400 63038 $349,700 63017 $308,500
63011 $233,300 63025 $221,200 63021 $203,500
63088 $145,200 63049 $137,900 63069 $125,800

Listings & Sales

Data through Jul 31, 2014
  • $132 Median list price / sq ft
  • $127 Median sale price / sq ft
  • 34.9% Listings with price cut
24.3%
Sold below listing
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63040 Rentals

Data through Jul 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
$1,775 63040
$1,926 Wildwood
$1,318 United States
  • 4.0 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, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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