Home Values

Boonton 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

$368,600

  • -4.9% 1-year change
  • -2.6% 1-year forecast

The median home value in Boonton is $368,600. Boonton home values have declined -4.9% over the past year and Zillow predicts they will fall -2.6% within the next year. The median list price per square foot in Boonton is None.

Foreclosures will be a factor impacting home values in the next several years. In Boonton 1.5 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 2.2 and also lower than the national value of 3.9

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 Boonton is 10.2%, which is higher than the national value of 6.3%. 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 Boonton homeowners underwater on their mortgage is 8.9%, which is lower than New York Metro at 13.1%.

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Relative ZHVI
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Boonton Market Overview

Data through Apr 30, 2015
  • $368,600 ZHVI
  • -2.6% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Boonton Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 8.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 10.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.5 homes(Apr 30, 2013) Boonton
2.2 homes New York Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Mountain Lakes $658,700
Montville $531,700
Kinnelon $518,300
Name Median ZHVI
Morris Plains $456,100
Hanover $425,700
Parsippany-Troy Hills Township $376,000
Name Median ZHVI
Denville $340,700
Butler $309,100
Rockaway Township $287,800

Listings & Sales

  • No data
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Boonton Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,436 Boonton
    $2,372 New York Metro
    $1,364 United States

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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.53 Rent list price / sq ft
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