www.zillow.com/research/
APRIL2019 South Bend Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change:
0.4%Annual Change: 6.1%Negative Equity*: 8.2%
South Bend Home Values
Current: $124,400Monthly Change: 0.1%Quarterly Change:
1.1%Annual Change: 9.5%Negative Equity*: 8%
Home Values Forecast
(next 12 months)
National: 2.8%South Bend Metro: 4.5%
Major Cities - Home Values
MishawakaCurrent: $117,100Monthly Change: -0.1%Annual Change:
8.9%
GrangerCurrent: $252,300Monthly Change: -0.2%Annual Change:
3.9%
DowagiacCurrent: $90,100Monthly Change: -1%Annual Change:
7.6%
OsceolaCurrent: $170,100Monthly Change: 0.6%Annual Change:
6.6%
EdwardsburgCurrent: $152,900Monthly Change: -0.1%Annual Change:
11.1%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors,
and the GIS user community
City ZHVI Year-over-Year3.9% - 5.1% 5.2% - 6.8% 6.9% - 8.9% 9.0%
- 11.7% 11.8% - 17.7%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall
From Peak: 0%Peak ZHVI Date: 2019-04Peak ZHVI: $124,400
RentZillow Rent Index: $1,013Monthly Change: 0.2%Annual Change:
5.2%
Rent List Price: $850Rent List/Sq. Ft.: $0.8
SalesMedian Sale Price: $–Monthly Change: –%Annual Change:
–%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a
Loss/Gain: –%/–%
ListingsMedian List Price: $174,900Monthly Change: 3.5%Annual
Change: 2.9%
List Price/Sq. Ft.: $104Listings with Price Cut: 11.9%Amount of
Price Cut: 3.5%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual
Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the
ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of
estimated home valuesfor the area. Half the estimated homevalues
are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within
the metro are listed. Additional counties, cities, neighborhoods
and ZIP codes may be
available online at www.zillow.com/research/data by emailing
[email protected]
Zillow Research:Zillow R© is the leading real estate and rental
marketplace dedicated to empowering consumers with data,
inspiration and knowledge around the placethey call home, and
connecting them with the best local professionals who can help. In
addition, Zillow operates an industry-leading economics
andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja
Gudell. Dr. Gudell and her team of economists and data analysts
produce extensive housingdata and research covering more than 450
markets at Zillow Real Estate Research. Zillow also sponsors the
quarterly Zillow Home Price ExpectationsSurvey, which asks more
than 100 leading economists, real estate experts and investment and
market strategists to predict the path of the Zillow HomeValue
Index over the next five years. Zillow also sponsors the bi-annual
Zillow Housing Confidence Index (ZHCI) which measures consumer
confidence inlocal housing markets, both currently and over time.
Launched in 2006, Zillow is owned and operated by Zillow Group
(NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Cassopolis 103,100 0.9 0 11.7 991 -0.2 -1.4 -1.8 6.4
20.5Dowagiac 90,100 -1 -1.7 7.6 971 -0.2 -1.3 0.3 3.3
19.7Edwardsburg 152,900 -0.1 0.1 11.1 1,096 0.1 0.3 0.6 6
12.7Granger 252,300 -0.2 0.4 3.9 2,144 0.3 -0.3 -1.2 1.6 3Gulivoire
Park 117,700 -0.3 -0.3 5.1 988 0.1 1 10.8 0.5Jones 1,008 0 -0.8
-2.6 22.6Lakeville 156,800 0.3 2.1 17.7 973 0.6 2.1 4.8 8
7.4Marcellus 122,800 -1.6 -1.4 11.2 1,059 -0.2 -0.4 1 5.5
18.8Mishawaka 117,100 -0.1 -0.1 8.9 929 0.3 1.4 8.4 3.6 5.5North
Liberty 140,600 -1.1 -0.1 7.9 936 0.5 2.2 6.5 2.7 3.9Osceola
170,100 0.6 1.4 6.6 1,420 -0.2 -0.8 5.9 4.5 3.6South Bend 761 0.7
1.5 2 7.4Union 1,158 0 -0.1 1.4 21.7Vandalia 122,000 0.6 1.4 6.8
1,047 -0.3 -0.8 -0.2 4.9 20
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Cass County 120,800 -0.2 0.2 12.6 1,027 0.1 -0.4 -1 7.3Saint
Joseph County 1,005 0.4 1.2 8.8