06890 Home Prices & Values

$896,500 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

  • 8.4% 1-year change
  • 2.3% 1-year forecast

The median home value in 06890 is $896,500. 06890 home values have gone up 8.4% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 06890 is $354, which is higher than the Stamford Metro average of $244. The median price of homes currently listed in 06890 is $925,000 while the median price of homes that sold is $930,000.

Foreclosures will be a factor impacting home values in the next several years. In 06890 4.5 homes are foreclosed (per 10,000). This is greater than the Stamford Metro value of 3.9 and also greater 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 06890 is 4.7%, which is lower 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 06890 homeowners underwater on their mortgage is 6.0%, which is lower than Stamford Metro at 18.1%.

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Relative ZHVI
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06890 Market Overview

Data through Aug 31, 2014
  • $896,500 ZHVI
  • 2.3% 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

    (Aug 31, 2015)
  • $925,000 Median listing price
  • No recent data Median sale price
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06890 Market Health

Data through Aug 31, 2014
  • 8.4/10 Very 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 days on Zillow
  • 6.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes(Jul 31, 2014) 06890
3.9 homes Stamford Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
06880 $1,084,700 06883 $835,000 06824 $620,600
06612 $616,100 06825 $432,100 06611 $356,400
06605 $189,400 06604 $161,900 06606 $159,100

Listings & Sales

Data through Aug 31, 2014
  • $354 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.7% Listings with price cut
27.3%
Sold below listing
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06890 Rentals

Data through Aug 31, 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
$4,436 06890
$2,373 Stamford Metro
$1,328 United States
  • 4.4 Breakeven horizon What's This?  
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    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
  • $2.02 Rent list price / sq ft
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