Home Values

Wilmer 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

$116,900

  • 8.9% 1-year change
  • 2.6% 1-year forecast

The median home value in Wilmer is $116,900. Wilmer home values have gone up 8.9% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Wilmer is $82, which is lower than the Mobile Metro average of $83. The median price of homes currently listed in Wilmer is $125,000 while the median price of homes that sold is $90,000.

Foreclosures will be a factor impacting home values in the next several years. In Wilmer 10.3 homes are foreclosed (per 10,000). This is lower than the Mobile Metro value of 12.5 and also greater than the national value of 4.0

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 Wilmer is 5.5%, which is lower 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 Wilmer homeowners underwater on their mortgage is 17.8%, which is lower than Mobile Metro at 24.2%.

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Relative ZHVI
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Wilmer Market Overview

Data through Dec 31, 2014
  • $116,900 ZHVI
  • 2.6% 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
    (Dec 31, 2015)
  • $125,000 Median listing price
  • No recent data Median sale price
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Wilmer Market Health

Data through Dec 31, 2014
  • 2.4/10 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
  • 17.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

10.3 homes Wilmer
12.5 homes Mobile Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Satsuma $128,800
Chunchula $123,900
Semmes $122,600
Name Median ZHVI
Saraland $107,200
Mobile $100,200
Eight Mile $94,200
Name Median ZHVI
Citronelle $90,600
Chickasaw $58,000
Prichard $40,800

Listings & Sales

Data through Dec 31, 2014
  • $82 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 9.1% Listings with price cut
25.0%
Sold below listing
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Wilmer Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $955 Wilmer
    $898 Mobile Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 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
  • No data Rent list price / sq ft
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