Home Values

Cromwell 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

$196,500

  • -2.3% 1-year change
  • -0.3% 1-year forecast

The median home value in Cromwell is $196,500. Cromwell home values have declined -2.3% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in Cromwell is None. The median rent price in Cromwell is $1,250, which is the same as the Hartford Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Cromwell 1.4 homes are foreclosed (per 10,000). This is lower than the Hartford Metro value of 1.8 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 Cromwell is 4.1%, which is lower 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 Cromwell homeowners underwater on their mortgage is 23.8%, which is higher than Hartford Metro at 19.4%.

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Relative ZHVI
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Cromwell Market Overview

Data through Apr 30, 2015
  • $196,500 ZHVI
  • -0.3% 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
  • $158,000 Median sale price (Mar 31, 2015)
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Cromwell Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 23.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.4 homes(Feb 28, 2015) Cromwell
1.8 homes Hartford Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Berlin $259,700
Glastonbury $258,100
Middlefield $240,300
Name Median ZHVI
Wethersfield $234,000
Rocky Hill $233,500
Town of Portland $223,100
Name Median ZHVI
Newington $206,700
Middletown $194,500
New Britain $129,700

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $110 Median sale price / sq ft
  • No data Listings with price cut
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Cromwell Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,550 Cromwell
    $1,666 Hartford 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

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,250 Rent list price
  • $1.14 Rent list price / sq ft
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