Home Values

Farmingville 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

$273,000

  • -4.8% 1-year change
  • -0.9% 1-year forecast

The median home value in Farmingville is $273,000. Farmingville home values have declined -4.8% over the past year and Zillow predicts they will fall -0.9% within the next year. The median price of homes currently listed in Farmingville is $324,000 while the median price of homes that sold is $370,000. The median rent price in Farmingville is $2,150, which is lower than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Farmingville 1.3 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 Farmingville is 16.0%, 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 Farmingville homeowners underwater on their mortgage is 20.7%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Farmingville Market Overview

Data through Dec 31, 2014
  • $273,000 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
    (Dec 31, 2015)
  • $324,000 Median listing price
  • $370,000 Median sale price (Nov 30, 2014)
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Farmingville Market Health

Data through Dec 31, 2014
  • 0.2/10 Less 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
  • 20.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 16.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes(Nov 30, 2014) Farmingville
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Holtsville $315,200
Holbrook $305,900
Ronkonkoma $290,200
Name Median ZHVI
Centereach $287,900
Port Jefferson Station $287,600
Selden $254,700
Name Median ZHVI
Coram $247,500
Patchogue $244,600
Medford $230,800

Listings & Sales

Data through Dec 31, 2014
  • $188 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.1% Listings with price cut
14.0%
Sold below listing
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Farmingville Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,354 Farmingville
    $2,340 New York Metro
    $1,345 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,150 Rent list price
  • No recent data Rent list price / sq ft
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