Home Values

Borough Park 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

$742,000

  • 21.9% 1-year change
  • 5.8% 1-year forecast

The median home value in Borough Park is $742,000. Borough Park home values have gone up 21.9% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in Borough Park is $438, which is lower than the New York average of $585. The median price of homes currently listed in Borough Park is $599,000 while the median price of homes that sold is $520,000. The median rent price in Borough Park is $1,650, which is lower than the New York median of $2,425.

Foreclosures will be a factor impacting home values in the next several years. In Borough Park 1.7 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 and also lower than the national value of 3.9

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Relative ZHVI
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Borough Park Market Overview

Data through Feb 28, 2015
  • $742,000 ZHVI
  • 5.8% 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
    (Feb 29, 2016)
  • No recent data Median listing price
  • No recent data Median sale price
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Borough Park Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

1.7 homes(Apr 30, 2011) Borough Park
0.4 homes New York
3.9 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Windsor Terrace $910,100
Greenwood $782,900
Ocean Parkway $758,300
Name Median ZHVI
Flatbush $729,800
Bay Ridge $728,600
Dyker Heights $690,200
Name Median ZHVI
Kensington $674,500
New Utrecht $648,400
Bensonhurst $609,300

Listings & Sales

  • No data
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Borough Park Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,163 Borough Park
    $2,210 New York
    $1,355 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
    (Jun 30, 2014)
  • $1,650 Rent list price
  • $1.83 Rent list price / sq ft
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