Zillow Avon Lake Ohio
The median home value in Avon Lake is $229, 600. Avon Lake home values have gone up 7.0% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Avon Lake is $126, which is higher than the Cleveland Metro average of $90. The median price of homes currently listed in Avon Lake is $278, 579.
Foreclosures will be a factor impacting home values in the next several years. In Avon Lake 0.6 homes are foreclosed (per 10, 000). This is lower than the Cleveland Metro value of 2.4 and also lower than the national value of 1.4
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 Avon Lake 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 Avon Lake homeowners underwater on their mortgage is 0.1%, which is lower than Cleveland Metro at 0.1%.