Home Values

Fair Lawn 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

$359,100

  • 2.1% 1-year change
  • 0.1% 1-year forecast

The median home value in Fair Lawn is $359,100. Fair Lawn home values have gone up 2.1% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Fair Lawn is $256, which is higher than the New York Metro average of $256. The median price of homes currently listed in Fair Lawn is $399,000 while the median price of homes that sold is $352,950.

Foreclosures will be a factor impacting home values in the next several years. In Fair Lawn 0.5 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower than the national value of 4.0

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 Fair Lawn is 14.1%, which is higher than the national value of 6.4%. 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 Fair Lawn homeowners underwater on their mortgage is 12.3%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Fair Lawn Market Overview

Data through Jan 31, 2015
  • $359,100 ZHVI
  • 0.1% 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
    (Jan 31, 2016)
  • $399,000 Median listing price
  • $352,950 Median sale price
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Fair Lawn Market Health

Data through Jan 31, 2015
  • 5.8/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 12.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 14.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes(Dec 31, 2014) Fair Lawn
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Ridgewood $645,800
Glen Rock $580,100
Paramus $549,500
Name Median ZHVI
Saddle Brook $345,300
Hawthorne $337,000
Rochelle Park $326,500
Name Median ZHVI
Elmwood Park $317,400
Prospect Park $236,000
Paterson $214,900

Listings & Sales

Data through Jan 31, 2015
  • $256 Median list price / sq ft
  • $244 Median sale price / sq ft
  • No data Listings with price cut
22.8%
Sold below listing
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Fair Lawn Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,469 Fair Lawn
    $2,331 New York Metro
    $1,350 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
  • No data Rent list price / sq ft
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