Zillow info about Middletown
Printed From: MiddletownUSA.com
Category: Middletown Community
Forum Name: About Middletown
Forum Description: History and information about Middletown, Ohio
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=5547
Printed Date: Nov 21 2024 at 8:53am
Topic: Zillow info about Middletown
Posted By: ktf1179
Subject: Zillow info about Middletown
Date Posted: Nov 13 2013 at 8:23am
Zip Code 45044
Zillow predicts 45044 home values will increase 1.2% next year, compared to a 1% increase for Middletown as a whole. Among 45044 homes, this home is valued 36% more than the midpoint (median) home, and is valued 6.2% more per square foot.
Foreclosures
will be a factor impacting home values in the next several years. In
the 45044 market, the number of foreclosures waiting to be sold shrank
19.7% in the last year. The number of unsold foreclosures is 45.9%
higher than in Middletown, and 308.6% higher than the national average.
This higher local number may prevent 45044 home values from rising as
quickly as other regions in Middletown.
Zip Code 45042
Zillow predicts 45042 home values will rise 2.9% next year, compared to a 1% rise for Middletown as a whole. Among 45042 homes, this home is valued 52.9% less than the midpoint (median) home, but is valued 14.5% more per square foot.
Foreclosures
will be a factor impacting home values in the next several years. In
the 45042 market, the number of foreclosures waiting to be sold shrank
28.7% in the last year. The number of unsold foreclosures is 36.4%
greater than in Middletown, and 282% greater than the national average.
This higher local number may prevent 45042 home values from rising as
quickly as other regions in Middletown.
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Replies:
Posted By: VietVet
Date Posted: Nov 13 2013 at 10:26am
IMO, I don't know if one could rely on the Zillow story nor the statistics. Many variables here in Middletown to offset the normal way of data accumulation. Alot of facets about Middletown that are hardly normal, making if difficult to achieve a desired upward trend in value.
Status and reputation of the schools, the city image, the city leadership, opportunities within the city as to job selection, shopping, standard of living, Section 8 influx, low-income reputation, crime numbers going up, infrastructure, overall town appearance......all working against postive upward trends on property evaluation.
The direction of the city over the last few decades has been to foster the wrong path and ideas to attract decent potential citizens. Can't expect a "Mason or Springboro environment"- not realistic- sadly, perhaps not even a "Franklin or Miamisburg" scenario..... we should be able to expect decent, self-sufficient, more upstanding people here but can't even get that. Can't do that until the image of the city and the thought process out of city hall changes to the correct development plan. Won't happen with the current crop in charge.
Positive change will start when the people have had enough of the current operation of the city and will demand a mass firing of city leadership....an all out assault on council chambers in large numbers....shock and awe....probably not in this lifetime as most simply don't care enough to move off the couch.
For those of us who want to see a total overhaul of the city leadership, we are battling two fronts. The citizen apathy front and the inept, incompetent city leadership front. Gotta fix the citizen's apathy before we can go to war on the second front.
None of this factors into Zillow's interpretation of the situation.
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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Posted By: rngrmed
Date Posted: Dec 26 2014 at 7:07pm
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Zillow is about as accurate as a 3rd grader teaching calculus. You might find the occasional genius, but for the most part they are just making it up
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