Home Prices and Rents – Mountain View, CA 94040
94040 Home Prices & Values
ZILLOW HOME VALUE INDEX
$1,957,500
The median home value in 94040 is $1,957,500. 94040 home values have gone up 8.4% over the past year and Zillow predicts they will fall -1.3% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In 94040 1.3 homes are foreclosed (per 10,000). This is greater than the Mountain View value of 0.6 and also lower than the national value of 1.6
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 94040 is 0.0%, which is lower than the national value of 0.0%. 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 94040 homeowners underwater on their mortgage is 0.0%, which is lower than Mountain View at 0.0%.
Market Overview
Data through May 31, 2017
$1,957,500 ZHVI
-1.3% 1-yr forecast (May 31, 2018)
Market Health
Data through May 31, 2017
9.9/10 Very healthy
Rentals
Data through May 31, 2017
ZILLOW RENT INDEX
$4,668
7.8 Breakeven horizon (Sep 30, 2016)