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www.zillow.com/research/ FEBRUARY2018 Tullahoma Metro National Home Values Current: $210,200 Monthly Change: 0.5% Quarterly Change: 1.7% Annual Change: 7.6% Negative Equity*: 10.4% Tullahoma Home Values Current: $129,800 Monthly Change: 0.2% Quarterly Change: -2.3% Annual Change: 0.8% Negative Equity*: 8.2% Home Values Forecast (next 12 months) National: 3.5% Tullahoma Metro: –% Major Cities - Home Values Tullahoma Current: $129,100 Monthly Change: 0% Annual Change: 1.4% Manchester Current: $136,200 Monthly Change: 0.6% Annual Change: 2.3% Winchester Current: $132,300 Monthly Change: -1.9% Annual Change: -5.3% Sewanee Current: $204,900 Monthly Change: -1.5% Annual Change: -0.9% Decherd Current: $102,000 Monthly Change: -1.6% Annual Change: -9.4% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -9.4% - -9.2% -9.1% - -6.5% -6.4% - -5.3% -5.2% - -0.9% 1.1% 1.2% - 1.4% 1.5% - 1.4% 1.5% - 2.3% 2.4% - 3.5% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -2.3% Peak ZHVI Date: 2017-11 Peak ZHVI: $132,800 Rent Zillow Rent Index: $1,101 Monthly Change: -0.1% Annual Change: 1.5% Rent List Price: $– Rent List/Sq. Ft.: $– 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: $199,900 Monthly Change: –% Annual Change: –% List Price/Sq. Ft.: $113 Listings with Price Cut: 8.7% 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 2017Q1.
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Page 1: FEBRUARY2018 Tullahoma Metrofiles.zillowstatic.com/.../ZHVI.Tullahoma.395168.pdf · 2020. 4. 23. · FEBRUARY2018 Tullahoma Metro National Home Values Current: $210,200 Monthly Change:

www.zillow.com/research/

FEBRUARY2018 Tullahoma Metro

National Home Values

Current: $210,200Monthly Change: 0.5%Quarterly Change: 1.7%Annual Change: 7.6%Negative Equity*: 10.4%

Tullahoma Home Values

Current: $129,800Monthly Change: 0.2%Quarterly Change: -2.3%Annual Change: 0.8%Negative Equity*: 8.2%

Home Values Forecast

(next 12 months)

National: 3.5%Tullahoma Metro: –%

Major Cities - Home Values

TullahomaCurrent: $129,100Monthly Change: 0%Annual Change: 1.4%

ManchesterCurrent: $136,200Monthly Change: 0.6%Annual Change: 2.3%

WinchesterCurrent: $132,300Monthly Change: -1.9%Annual Change: -5.3%

SewaneeCurrent: $204,900Monthly Change: -1.5%Annual Change: -0.9%

DecherdCurrent: $102,000Monthly Change: -1.6%Annual Change: -9.4%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year-9.4% - -9.2% -9.1% - -6.5% -6.4% - -5.3% -5.2% - -0.9% 1.1% 1.2% - 1.4% 1.5% - 1.4% 1.5% - 2.3% 2.4% - 3.5%

Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -2.3%Peak ZHVI Date: 2017-11Peak ZHVI: $132,800

RentZillow Rent Index: $1,101

Monthly Change: -0.1%Annual Change: 1.5%

Rent List Price: $–Rent List/Sq. Ft.: $–

SalesMedian Sale Price: $–

Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $199,900

Monthly Change: –%Annual Change: –%

List Price/Sq. Ft.: $113Listings with Price Cut: 8.7%Amount of Price Cut: 3.3%

ForeclosuresHomes Foreclosed: –/10, 000

Monthly 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 2017Q1.

Page 2: FEBRUARY2018 Tullahoma Metrofiles.zillowstatic.com/.../ZHVI.Tullahoma.395168.pdf · 2020. 4. 23. · FEBRUARY2018 Tullahoma Metro National Home Values Current: $210,200 Monthly Change:

FEBRUARY2018

*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

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Beechgrove 147,400 1 0.3 3.5 147,400 2018-02 0 1,118 0.2 -0.7 1.5 7.0Belvidere 119,400 -1.6 -7.7 -6.6 129,300 2017-11 -7.7 1,137 0.4 0.7 3.6 7.2Cowan 73,400 -2.4 -8 -9.2 82,200 2017-04 -10.7 870 -0.7 -1.9 1.4 8.0Decherd 102,000 -1.6 -7.4 -9.4 113,300 2017-01 -10 984 -0.6 -2.8 0 7.7Estill Springs 118,900 -1.7 -7.4 -6.5 128,400 2017-11 -7.4 1,134 0.4 0.8 2.9 6.2Hillsboro 141,200 1 -0.1 1.1 141,900 2017-07 -0.5 1,095 -0.4 -2.2 -0.1 8.7Huntland 95,100 -1.3 -5.1 1.4 100,200 2017-11 -5.1 993 0.3 0.3 4.7 8.9Lynchburg 1,156 1.1 3.3 5.9 10.6Manchester 136,200 0.6 -1.7 2.3 138,500 2017-11 -1.7 1,104 -0.3 -1.9 0.7 8.1Sewanee 204,900 -1.5 -5.7 -0.9 217,400 2017-11 -5.7 1,406 0.4 -0.1 3.1 7.7Tullahoma 129,100 0 -2.9 1.4 132,900 2017-11 -2.9 1,062 -0.4 -2.7 1.1 8.4Winchester 132,300 -1.9 -7.6 -5.3 143,200 2017-11 -7.6 1,159 0.5 1.6 3.9 8.8

Largest Counties Covered by Zillow

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Coffee 133,100 0.7 -1.6 2.1 135,300 2017-11 -1.6 1,079 -0.3 -2.2 1.1 8.4Franklin 120,700 -1.4 -6.8 -5.8 129,500 2017-11 -6.8 1,125 0.3 0.4 2.8 7.8Moore 1,149 0.8 2.3 5.2 8.6


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