Cheshire Home Prices & Values

$279,900 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

  • 3.9% 1-year change
  • 0.7% 1-year forecast

The median home value in Cheshire is $279,900. Cheshire home values have gone up 3.9% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Cheshire is $164, which is higher than the New Haven Metro average of $154. The median price of homes currently listed in Cheshire is $364,900 while the median price of homes that sold is $270,200. The median rent price in Cheshire is $1,200, which is lower than the New Haven Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Cheshire 1.8 homes are foreclosed (per 10,000). This is lower than the New Haven Metro value of 4.6 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 Cheshire is 5.0%, which is lower than the national value of 7.2%. 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 Cheshire homeowners underwater on their mortgage is 12.7%, which is lower than New Haven Metro at 23.3%.

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Relative ZHVI
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Cheshire Market Overview

Data through Jun 30, 2014
  • $279,900 ZHVI
  • 0.7% 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

    (Jun 30, 2015)
  • $364,900 Median listing price
  • $270,200 Median sale price
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Cheshire Market Health

Data through Jun 30, 2014
  • 3.7/10 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 of days on Zillow
  • 12.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.8 homes Cheshire
4.6 homes New Haven Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bethany $344,200 North Haven $270,200 Prospect $263,800
Southington $254,800 Wallingford $234,500 Wolcott $211,400
Hamden $198,100 Meriden $164,200 Waterbury $104,600

Listings & Sales

Data through Jun 30, 2014
  • $164 Median list price / sq ft
  • $153 Median sale price / sq ft
  • 31.1% Listings with price cut
24.2%
Sold below listing
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Cheshire Rentals

Data through Jun 30, 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
$1,704 Cheshire
$1,576 New Haven Metro
$1,310 United States
  • 7.0 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, 2013)
  • $1,200 Rent list price
  • $1.15 Rent list price / sq ft
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