Zillow: Zillow Home Value Index (ZHVI)

A smoothed, seasonally adjusted measure of the median estimated home value across US zip codes.

Description:

A smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. Zillow publishes top-tier ZHVI ($, typical value for homes within the 65th to 95th percentile range for a given region) and bottom-tier ZHVI ($, typical value for homes that fall within the 5th to 35th percentile range for a given region). Zillow also publishes ZHVI for all single-family residences ($, typical value for all single-family homes in a given region), for condo/coops ($), for all homes with 1, 2, 3, 4 and 5+ bedrooms ($), and the median ZHVI per square foot ($, typical value of all homes per square foot calculated by taking the estimated home value for each home in a given region and dividing it by the home’s square footage).

TYPES OF ZILLOW HOME VALUE INDEX (ZHVI)

All Homes (SFR, Condo, Co-op) ($): Median estimated home value for all homes of these types within a region.

  • 1-Bedroom Homes ($): Median estimated home value for all homes with one bedroom within a given region.
  • 2-Bedroom Homes ($): Median estimated home value for all homes with two bedrooms within a given region.
  • 3-Bedroom Homes ($): Median estimated home value for all homes with three bedrooms within a given region.
  • 4-Bedroom Homes ($): Median estimated home value for all homes with four bedrooms within a given region.
  • 5+ Bedroom Homes ($): Median estimated home value for all homes with five or more bedrooms within a given region.

Bottom-Tier ($): Median estimated home value for all bottom-tier homes within a given region. Bottom-tier homes are the homes that fall into the bottom third of home values within a given region.\\n** Top-Tier ($): Median estimated home value for all top-tier homes within a given region. Top-tier homes are homes that fall into the top third of home values within a given region.

Condo/Co-op ($): Median estimated home value for all condominiums and co-ops within a given region.

Single-Family Residences ($): Median estimated home value for all detached single-family homes within a given region.

Median ZHVI per sq. ft. ($): Median of the value of all homes per square foot. This number is calculated by taking the estimated home value for each home in a given region and dividing it by the home’s square footage.

EXAMPLE USE CASES

Use the Home Value Index to understand where you might want to buy your next home or rental property using historical valuation trends.

Update Frequency:

Monthly

About the Provider:

Zillow is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. Zillow serves the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. It starts with Zillow’s living database of more than 110 million U.S. homes – including homes for sale, homes for rent and homes not currently on the market, as well as Zestimate home values, Rent Zestimates and other home-related information. Zillow operates the most popular suite of mobile real estate apps, with more than two dozen apps across all major platforms. Zillow launched in 2006 and is headquartered in Seattle.

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