Home Values

02921 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

$316,200

  • 6.2% 1-year change
  • 2.5% 1-year forecast

The median home value in 02921 is $316,200. 02921 home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in 02921 is $163, which is higher than the Cranston average of $151. The median price of homes currently listed in 02921 is $334,900 while the median price of homes that sold is $276,471. The median rent price in 02921 is $1,500, which is higher than the Cranston median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In 02921 4.7 homes are foreclosed (per 10,000). This is lower than the Cranston value of 5.3 and also greater 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 02921 is 6.8%, which is lower 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 02921 homeowners underwater on their mortgage is 16.7%, which is lower than Cranston at 27.9%.

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Relative ZHVI
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02921 Market Overview

Data through Sep 30, 2014
  • $316,200 ZHVI
  • 2.5% 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
    (Sep 30, 2015)
  • $334,900 Median listing price
  • No recent data Median sale price
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02921 Market Health

Data through Sep 30, 2014
  • 4.1/10 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
  • 16.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.7 homes 02921
5.3 homes Cranston
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
02831 $278,100
02920 $195,600
02919 $190,800
Name Median ZHVI
02911 $185,300
02886 $178,100
02910 $158,700
Name Median ZHVI
02893 $158,200
02907 $128,400
02909 $122,400

Listings & Sales

Data through Sep 30, 2014
  • $163 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 49.1% Listings with price cut
57.2%
Sold below listing
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02921 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,813 02921
    $1,420 Cranston
    $1,335 United States

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

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.29 Rent list price / sq ft
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