Home Values

02724 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

$186,900

  • 0.3% 1-year change
  • 0.0% 1-year forecast

The median home value in 02724 is $186,900. 02724 home values have gone up 0.3% over the past year and Zillow predicts they will rise 0.0% within the next year. The median rent price in 02724 is $650, which is lower than the Fall River median of $850.

Foreclosures will be a factor impacting home values in the next several years. In 02724 6.9 homes are foreclosed (per 10,000). This is greater than the Fall River value of 6.0 and also greater than the national value of 3.5

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 02724 homeowners underwater on their mortgage is 19.1%, which is higher than Fall River at 17.1%.

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Relative ZHVI
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02724 Market Overview

Data through May 31, 2015
  • $186,900 ZHVI
  • 0.0% 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
    (May 31, 2016)
  • No data Median listing price
  • No data Median sale price
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02724 Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 19.1% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

6.9 homes 02724
6 homes Fall River
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
02809 $268,400
02878 $232,300
02726 $228,000
Name Median ZHVI
02885 $227,000
02777 $222,900
02725 $206,900
Name Median ZHVI
02720 $190,200
02721 $183,200
02723 $170,800

Listings & Sales

  • No data
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02724 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,291 02724
    $1,319 Fall River
    $1,367 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
    (Dec 31, 2014)
  • $650 Rent list price
  • $1.00 Rent list price / sq ft
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