Home Values

07021 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

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in 07021 is $839,000.

Foreclosures will be a factor impacting home values in the next several years. In 07021 11.5 homes are foreclosed (per 10,000). This is the same as the Essex Fells value of 11.5 and also greater than the national value of 4.5

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 07021 is 13.0%, 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 07021 homeowners underwater on their mortgage is 6.9%, which is the same as Essex Fells at 6.9%.

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Relative ZHVI
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07021 Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $839,000 Median listing price
  • No data Median sale price
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07021 Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 6.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
07058 $565,200
07039 $553,600
07068 $532,500
Name Median ZHVI
07006 $502,500
07042 $469,100
07004 $456,500
Name Median ZHVI
07009 $444,600
07044 $423,100
07052 $339,400

Listings & Sales

Data through Oct 31, 2014
  • $321 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 58.8% Listings with price cut
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07021 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $3,910 07021
    $3,940 Essex Fells
    $1,337 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
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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