Home Values

06032 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

$281,900

  • -0.2% 1-year change
  • 0.9% 1-year forecast

The median home value in 06032 is $281,900. 06032 home values have declined -0.2% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in 06032 is $165, which is lower than the Farmington average of $167. The median price of homes currently listed in 06032 is $349,900 while the median price of homes that sold is $262,700. The median rent price in 06032 is $1,700, which is lower than the Farmington median of $1,800.

Foreclosures will be a factor impacting home values in the next several years. In 06032 1.3 homes are foreclosed (per 10,000). This is the same as the Farmington value of 1.3 and also lower than the national value of 4.2

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 06032 is 2.4%, which is lower 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 06032 homeowners underwater on their mortgage is 10.2%, which is lower than Farmington at 10.2%.

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Relative ZHVI
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06032 Market Overview

Data through Nov 30, 2014
  • $281,900 ZHVI
  • 0.9% 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
    (Nov 30, 2015)
  • $349,900 Median listing price
  • $262,700 Median sale price (Sep 30, 2014)
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06032 Market Health

Data through Nov 30, 2014
  • 6.9/10 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.
  • No data Average days on Zillow
  • 10.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes 06032
1.3 homes Farmington
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
06001 $364,700
06107 $358,500
06117 $333,300
Name Median ZHVI
06085 $263,000
06110 $197,200
06062 $180,500
Name Median ZHVI
06052 $165,300
06053 $132,500
06051 $113,200

Listings & Sales

Data through Nov 30, 2014
  • $165 Median list price / sq ft
  • $167 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
25.7%
Sold below listing
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06032 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,959 06032
    $1,961 Farmington
    $1,342 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,700 Rent list price
  • $1.21 Rent list price / sq ft
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