One model forecasts the market's direction; a second forecasts how this ZIP will do relative to it. In backtests the relative ranking was the more reliable of the two.
Monthly cost of buying the typical home, at today's average 30-year rate. Change any number to fit your situation.
Zillow doesn't publish a rent index for this area.
Our forecast of −11.9% over 12 months would add roughly $1,211 a month in losses to the owner's side, but the 80% range runs from −17.4% to −5.6%, so treat it as uncertain.
Estimates only. Excludes maintenance (often about 1% of the price a year), the return the down payment could earn elsewhere, and tax effects. Rent is the Zillow Observed Rent Index, a typical market rent for all home types.
Redfin, all residential, monthly. These feed the metro trend model.