Home Values

44509 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

$33,400

  • -1.5% 1-year change
  • -0.2% 1-year forecast

The median home value in 44509 is $33,400. 44509 home values have declined -1.5% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in 44509 is $26, which is higher than the Youngstown average of $24. The median price of homes currently listed in 44509 is $30,000 while the median price of homes that sold is $18,000. The median rent price in 44509 is $525, which is higher than the Youngstown median of $495.

Foreclosures will be a factor impacting home values in the next several years. In 44509 1.1 homes are foreclosed (per 10,000). This is greater than the Youngstown value of 0.3 and also lower 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 44509 is 8.2%, which is higher 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 44509 homeowners underwater on their mortgage is 38.9%, which is higher than Youngstown at 27.2%.

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Relative ZHVI
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44509 Market Overview

Data through Sep 30, 2014
  • $33,400 ZHVI
  • -0.2% 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
    (Sep 30, 2015)
  • $30,000 Median listing price
  • No recent data Median sale price
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44509 Market Health

Data through Sep 30, 2014
  • 4.1/10 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
  • 38.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
44515 $83,900
44437 $76,500
44420 $66,600
Name Median ZHVI
44511 $63,900
44504 $44,000
44506 $31,300
Name Median ZHVI
44510 $30,700
44502 $30,600
44507 $29,600

Listings & Sales

Data through Sep 30, 2014
  • $26 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.7% Listings with price cut
13.6%
Sold below listing
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44509 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $632 44509
    $586 Youngstown
    $1,335 United States

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

  • 0.7 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 recent data Rent list price / sq ft
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