07020 Home Prices & Values

$448,800 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

  • 7.2% 1-year change
  • 3.2% 1-year forecast

Market Temperature: HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 07020 is $448,800. 07020 home values have gone up 7.2% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 07020 is $364, which is higher than the Edgewater average of $360. The median price of homes currently listed in 07020 is $670,000 while the median price of homes that sold is $482,100.

Foreclosures will be a factor impacting home values in the next several years. In 07020 1.6 homes are foreclosed (per 10,000). This is the same as the Edgewater value of 1.6 and also lower than the national value of 5.0

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 07020 is 17.0%, which is higher than the national value of 8.0%. 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 07020 homeowners underwater on their mortgage is 18.5%, which is the same as Edgewater at 18.5%.

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Relative ZHVI
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07020 Market Overview

Data through Feb 28, 2014
  • $448,800 ZHVI
  • 3.2% 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

    (Feb 28, 2015)
  • $670,000 Median listing price
  • No recent data Median sale price
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07020 Market Health

Data through Feb 28, 2014
  • 7.3/10 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
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
10025 $1,025,000 10027 $828,100 10030 $606,000
10031 $587,000 07024 $496,000 07650 $487,100
07657 $399,000 07010 $375,600 07022 $300,700

Listings & Sales

Data through Feb 28, 2014
  • $364 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 23.0% Listings with price cut
24.7%
Sold below listing
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07020 Rentals

Data through Feb 28, 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
$2,583 07020
$2,584 Edgewater
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $2.50 Rent list price / sq ft
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