APRIL2019 Columbus Metro · Columbus Metro: 1.5% Major Cities - Home Values Columbus Current:...
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www.zillow.com/research/ APRIL2019 Columbus Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Columbus Home Values Current: $107,200 Monthly Change: -1% Quarterly Change: -1.5% Annual Change: 6.2% Negative Equity*: 20.9% Home Values Forecast (next 12 months) National: 2.8% Columbus Metro: 1.5% Major Cities - Home Values Columbus Current: $92,000 Monthly Change: -2.2% Annual Change: 8% Phenix City Current: $81,400 Monthly Change: 0% Annual Change: 0.4% Midland Current: $244,500 Monthly Change: 0.2% Annual Change: 5% Fort Mitchell Current: $187,600 Monthly Change: -0.2% Annual Change: 1.1% Hamilton Current: $224,500 Monthly Change: 0.7% Annual Change: 15.2% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -0.2% 0.4% - 1.1% 1.2% - 2.9% 3.0% - 9.3% 9.4% - 13.5% 13.6% - 15.2% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -11% Peak ZHVI Date: 2008-03 Peak ZHVI: $120,500 Rent Zillow Rent Index: $919 Monthly Change: 0.2% Annual Change: 3.1% Rent List Price: $900 Rent List/Sq. Ft.: $0.7 Sales Median Sale Price: $– Monthly Change: –% Annual Change: –% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $160,000 Monthly Change: 0.1% Annual Change: 0.1% List Price/Sq. Ft.: $89 Listings with Price Cut: 13.1% Amount of Price Cut: 3.3% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: –% Monthly Change: –pp Annual Change: –pp How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below. * Negative equity data is from 2018Q2.
Transcript of APRIL2019 Columbus Metro · Columbus Metro: 1.5% Major Cities - Home Values Columbus Current:...
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www.zillow.com/research/
APRIL2019 Columbus Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Columbus Home Values
Current: $107,200Monthly Change: -1%Quarterly Change: -1.5%Annual Change: 6.2%Negative Equity*: 20.9%
Home Values Forecast
(next 12 months)
National: 2.8%Columbus Metro: 1.5%
Major Cities - Home Values
ColumbusCurrent: $92,000Monthly Change: -2.2%Annual Change: 8%
Phenix CityCurrent: $81,400Monthly Change: 0%Annual Change: 0.4%
MidlandCurrent: $244,500Monthly Change: 0.2%Annual Change: 5%
Fort MitchellCurrent: $187,600Monthly Change: -0.2%Annual Change: 1.1%
HamiltonCurrent: $224,500Monthly Change: 0.7%Annual Change: 15.2%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-0.2% 0.4% - 1.1% 1.2% - 2.9% 3.0% - 9.3% 9.4% - 13.5% 13.6% - 15.2%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -11%Peak ZHVI Date: 2008-03Peak ZHVI: $120,500
RentZillow Rent Index: $919Monthly Change: 0.2%Annual Change: 3.1%
Rent List Price: $900Rent List/Sq. Ft.: $0.7
SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $160,000Monthly Change: 0.1%Annual Change: 0.1%
List Price/Sq. Ft.: $89Listings with Price Cut: 13.1%Amount of Price Cut: 3.3%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
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APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Cataula 227,300 0.5 2 14.1 227,300 2019-04 0 1,366 0.5 0.9 2 9.3 9.3Columbus 92,000 -2.2 -2.7 8 107,600 2007-12 -14.5 849 0.1 0.7 6.3 0.5 22.2Cusseta 983 0.3 0.5 1.2Ellerslie 252,900 0.7 2.5 13.5 252,900 2019-04 0 1,455 0.4 0.7 1.3 9.2 10.4Fort Mitchell 187,600 -0.2 -0.8 1.1 207,800 2007-04 -9.7 1,223 0 0 -1.1 -0.2 31.1Hamilton 224,500 0.7 2.6 15.2 224,500 2019-04 0 1,317 0.5 1.2 2.5 10.3Hurtsboro 910 -0.8 -1.9 0.2Ladonia 89,000 0.2 -1.3 2.9 119,100 2007-11 -25.3 855 0.2 -0.2 2.3 -0.1Midland 244,500 0.2 0.3 5 259,800 2007-07 -5.9 1,547 0.3 0.3 -2 2.5 11Phenix City 81,400 0 -1.3 0.4 107,500 2007-11 -24.3 841 -0.2 -0.5 7 -1.4 26.9Pine Mountain 176,800 0.2 0.7 12.2 176,800 2019-04 0 1,243 1.3 3.6 3.9 7 5Seale 113,400 -0.6 -2.4 -0.2 129,600 2007-10 -12.5 968 0 -0.4 -1.6 -1.1 27Waverly Hall 175,800 0.2 0.5 9.3 175,800 2019-04 0 1,249 0.6 1.6 4 5.4 13.1
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Chattahoochee County 964 0.4 0.6 1.9Harris County 228,400 0.7 2.2 14.9 228,400 2019-04 0 1,365 0.5 0.9 1.9Muscogee County 99,700 -1.3 -2 7.4 113,800 2008-01 -12.4 874 0.1 1 4.7 1.3Russell County 89,200 -0.2 -1.1 2.9 117,500 2007-11 -24.1 890 -0.2 -0.6 4.8 0.1
