Essex 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

$169,000

  • -0.8% 1-year change
  • -1.1% 1-year forecast

Market temperature 

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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold
Buyers' Market
Sellers' Market

The median home value in Essex is $169,000. Essex home values have declined -0.8% over the past year and Zillow predicts they will fall -1.1% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Essex 9.1 homes are foreclosed (per 10,000). This is greater than the Baltimore Metro value of 6.7 and also greater than the national value of 3.6

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 Essex is 9.4%, which is higher than the national value of 6.0%. 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 Essex homeowners underwater on their mortgage is 21.3%, which is higher than Baltimore Metro at 18.7%.

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Relative ZHVI
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Essex Market Overview

Data through Jul 31, 2015
  • $169,000 ZHVI
  • -1.1% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $173,210 Median sale price (Jun 30, 2015)
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Essex Market Health

Data through Jul 31, 2015
  • 0.7/10 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
  • 21.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 9.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

9(Jun 30, 2015) Essex
7 Baltimore Metro
4 United States
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Nearby Cities

Name Median ZHVI
White Marsh $326,800
Perry Hall $269,700
Edgemere $224,900
Name Median ZHVI
Nottingham $215,400
Carney $213,200
Middle River $188,700
Name Median ZHVI
Rossville $178,800
Rosedale $175,600
Dundalk $123,600

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $124 Median sale price / sq ft
  • No data Listings with price cut
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Essex Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,527 Essex
    $1,735 Baltimore Metro
    $1,376 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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