If we want to buy or sell a home, usually we will need to know the value of the home. We are able to search information about home to sell, to buy and to rent in Zillow. But, can we know the home value in that site?
In Zillow, we are able to find home or apartments for buying, selling, renting, financing, remodeling and more. Zillow provides data, inspiration and knowledge around the home to the consumers and also we will be given an access to the best local professionals who are able to help us. Zillow starts with the living database of more than 110 million U.S. homes and those includes homes for sale, homes for rent and also homes not currently on the market. Besides, Zillow also provides Zestimate home values, Rent Zestimates and other home-related information.
What is Zestimate? It is an estimated market value for a home which is computed using a proprietary formula. You need to know that it is not an appraisal but it is a starting point in determining the value of home. The Zestimate is counted from public and user-submitted data, taking into account special features, market conditions and locations. Buyers, sellers and homeowners are encouraged to supplement Zillow’s information by doing other research like getting an appraisal from a professional appraiser, getting a comparative market analysis from an agent of real estate, and visiting the house. Besides, Zillow also has Zestimate forecast. What it is? It is a prediction of Zillow about a home’s Zestimate one year from now, based on current home and market information.
Do you live in Tucson? Or you may want move to Tucson so that you need some information about Tucson home values. If we check on the website of Zillow, we can see that the median home value in Tucson is about $185,100. The home values of Tucson have gone up 6.4% over the past year and Zillow predicts that they will rise 0.9% within the next year. The median list price per square foot in this city is $136 and it is lower than the Tucson Metro average of $138. Then, the median price of homes now listed in Tucson is about $219,900 while the median price of homes that are sold is about $194,100. Do you want to know the median rent price in Tucson? It is $1,200 and it is lower than the Tucson Metro median of $1,250. One of factors that impacts home values in the next several years is foreclosure. In Tucson, 0.8 homes are foreclosed (per 10,000). This is bigger than the Tucson Metro value of 0.7 and also it is lower than the national value of 1.2.
You are able to know about home value in the other cities by accessing the website of Zillow. It is important to know moreover if you have a plan to sell or buy a home in a city. You can also read more detailed information about Tucson home value in the website of Zillow if you are not satisfied with this.