Home Values

06824 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

$603,200

  • -3.3% 1-year change
  • -0.6% 1-year forecast

The median home value in 06824 is $603,200. 06824 home values have declined -3.3% over the past year and Zillow predicts they will fall -0.6% within the next year. The median list price per square foot in 06824 is None. The median rent price in 06824 is $3,000, which is higher than the Fairfield median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In 06824 0.7 homes are foreclosed (per 10,000). This is the same as the Fairfield value of 0.7 and also lower than the national value of 3.9

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 06824 homeowners underwater on their mortgage is 6.2%, which is lower than Fairfield at 8.0%.

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Relative ZHVI
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06824 Market Overview

Data through Apr 30, 2015
  • $603,200 ZHVI
  • -0.6% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $634,625 Median sale price
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06824 Market Health

Data through Apr 30, 2015
  • 4.9/10 Stable
    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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 6.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

0.7 homes(Mar 31, 2015) 06824
0.7 homes Fairfield
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
06880 $1,046,700
06890 $836,700
06883 $800,100
Name Median ZHVI
06612 $581,400
06825 $420,200
06605 $169,200
Name Median ZHVI
06606 $150,700
06604 $145,600
06608 $129,100

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $318 Median sale price / sq ft
  • No data Listings with price cut
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06824 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $3,172 06824
    $2,874 Fairfield
    $1,364 United States

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

  • 5.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $3,000 Rent list price
  • $2.00 Rent list price / sq ft
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