Home Values

07073 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

$337,800

  • 6.4% 1-year change
  • 1.7% 1-year forecast

The median home value in 07073 is $337,800. 07073 home values have gone up 6.4% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 07073 is $206, which is the same as the East Rutherford average of $206. The median price of homes currently listed in 07073 is $319,000 while the median price of homes that sold is $350,000.

Foreclosures will be a factor impacting home values in the next several years. In 07073 2.7 homes are foreclosed (per 10,000). This is the same as the East Rutherford value of 2.7 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 07073 is 10.3%, which is higher 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 07073 homeowners underwater on their mortgage is 17.6%, which is the same as East Rutherford at 17.6%.

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Relative ZHVI
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07073 Market Overview

Data through Aug 31, 2014
  • $337,800 ZHVI
  • 1.7% 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
    (Aug 31, 2015)
  • $319,000 Median listing price
  • No recent data Median sale price
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07073 Market Health

Data through Aug 31, 2014
  • 5.5/10 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
  • 17.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
07070 $418,700
07094 $401,700
07604 $363,300
Name Median ZHVI
07057 $337,700
07071 $324,700
07075 $317,200
Name Median ZHVI
07072 $314,500
07031 $311,500
07014 $292,200

Listings & Sales

Data through Aug 31, 2014
  • $206 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.7% Listings with price cut
10.6%
Sold below listing
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07073 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,258 07073
    $2,256 East Rutherford
    $1,328 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.89 Rent list price / sq ft
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