Florida Home Prices Values

Florida Home Prices Values

The median home value in Florida is $170,000. Florida home values have gone up 11.3% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Florida is $122. The median price of homes currently listed in Florida is $215,000 while the median price of homes that sold is $181,075. The median rent price in Florida is $1,400.

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 Florida is 11.9%, which is higher 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 Florida homeowners underwater on their mortgage is 21.6%.

Source:Zillow.com

Author: Christy Peterson
Phone: 774-287-5322
Dated: January 24th 2015
Views: 600
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