Belford Home Prices & Values

$294,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -0.1% 1-year change
  • 0.5% 1-year forecast

The median home value in Belford is $294,100. Belford home values have declined -0.1% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Belford is $215, which is lower than the New York Metro average of $252. The median price of homes currently listed in Belford is $345,000 while the median price of homes that sold is $325,000. The median rent price in Belford is $2,250.

Foreclosures will be a factor impacting home values in the next several years. In Belford 2.5 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 and also lower than the national value of 4.3

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 Belford is 16.8%, which is higher than the national value of 6.9%. 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 Belford homeowners underwater on their mortgage is 15.5%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Belford Market Overview

Data through Aug 31, 2014
  • $294,100 ZHVI
  • 0.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $345,000 Median listing price
  • $325,000 Median sale price (Jul 31, 2014)
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Belford Market Health

Data through Aug 31, 2014
  • 1.7/10 Less healthy What's This?  
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    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
  • 15.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes(Feb 28, 2013) Belford
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Fair Haven $597,400 Middletown $386,300 Fairview $376,400
Atlantic Highlands $372,400 Red Bank $357,700 Leonardo $296,900
Hazlet Township $292,900 Port Monmouth $268,500 Keansburg $156,900

Listings & Sales

Data through Aug 31, 2014
  • $215 Median list price / sq ft
  • $194 Median sale price / sq ft (Jul 31, 2014)
  • 41.1% Listings with price cut
38.5%
Sold below listing
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Belford Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,128 Belford
$2,340 New York Metro
$1,328 United States
  • 2.6 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $2,250 Rent list price
  • No recent data Rent list price / sq ft
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