Home Values

Babylon Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$386,000

  • -0.0% 1-year change
  • 0.9% 1-year forecast

The median home value in Babylon is $386,000. Babylon home values have declined -0.0% over the past year and Zillow predicts they will rise 0.9% within the next year. The median price of homes currently listed in Babylon is $450,000 while the median price of homes that sold is $367,647. The median rent price in Babylon is $1,795, which is lower than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Babylon 3.1 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower than the national value of 4.0

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 Babylon is 10.1%, which is higher than the national value of 6.4%. 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 Babylon homeowners underwater on their mortgage is 10.6%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Babylon Market Overview

Data through Dec 31, 2014
  • $386,000 ZHVI
  • 0.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $450,000 Median listing price
  • No recent data Median sale price
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Babylon Market Health

Data through Dec 31, 2014
  • 2.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes Babylon
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
West Bay Shore $413,400
Brightwaters $405,100
West Islip $345,500
Name Median ZHVI
North Babylon $293,500
West Babylon $289,800
Lindenhurst $289,300
Name Median ZHVI
Deer Park $276,200
Bay Wood $252,700
Copiague $240,800

Listings & Sales

Data through Dec 31, 2014
  • $238 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.1% Listings with price cut
17.4%
Sold below listing
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Babylon Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,470 Babylon
    $2,340 New York Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,795 Rent list price
  • No data Rent list price / sq ft
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