Home Values

40243 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

$189,000

  • 6.5% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in 40243 is $189,000. 40243 home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in 40243 is $114. The median price of homes currently listed in 40243 is $150,000 while the median price of homes that sold is $171,654. The median rent price in 40243 is $935.

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 40243 is 2.2%, 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 40243 homeowners underwater on their mortgage is 9.6%.

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Relative ZHVI
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40243 Market Overview

Data through Dec 31, 2014
  • $189,000 ZHVI
  • 2.9% 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)
  • $150,000 Median listing price
  • $171,654 Median sale price
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40243 Market Health

Data through Dec 31, 2014
  • 8.6/10 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
  • 9.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
40245 $295,900
40023 $287,500
40222 $236,000
Name Median ZHVI
40223 $230,100
40241 $227,000
40299 $192,900
Name Median ZHVI
40242 $179,400
40291 $157,200
40220 $155,300

Listings & Sales

Data through Dec 31, 2014
  • $114 Median list price / sq ft
  • $115 Median sale price / sq ft
  • 12.0% Listings with price cut
22.9%
Sold below listing
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40243 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,436 40243
    $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

  • 2.8 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 recent data Rent list price
  • No data Rent list price / sq ft
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