zillow home value index (zhvi), built from the ground up by measuring monthly changes in property level zestimates, captures both the level and home values across a wide. zillow home value index (zhvi): A measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th. sep 19, 2024 · the zillow home value index or zhvi is a smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and…