Home Values

Fitchburg 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

$158,000

  • 2.0% 1-year change
  • 1.6% 1-year forecast

The median home value in Fitchburg is $158,000. Fitchburg home values have gone up 2.0% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Fitchburg is $115, which is lower than the Worcester Metro average of $150. The median price of homes currently listed in Fitchburg is $167,500 while the median price of homes that sold is $173,000. The median rent price in Fitchburg is $900, which is lower than the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Fitchburg 8.5 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 5.4 and also greater 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 Fitchburg is 9.2%, 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 Fitchburg homeowners underwater on their mortgage is 28.3%, which is higher than Worcester Metro at 17.4%.

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Relative ZHVI
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Fitchburg Market Overview

Data through Jan 31, 2015
  • $158,000 ZHVI
  • 1.6% 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
    (Jan 31, 2016)
  • $167,500 Median listing price
  • No recent data Median sale price
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Fitchburg Market Health

Data through Jan 31, 2015
  • 0.6/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 28.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.5 homes Fitchburg
5.4 homes Worcester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Princeton $323,900
Sterling $289,200
Lancaster $275,500
Name Median ZHVI
Town of Lunenburg $254,300
Westminster $227,000
Ashby $226,500
Name Median ZHVI
Town of Townsend $226,300
Ashburnham $208,800
Leominster $200,600

Listings & Sales

Data through Jan 31, 2015
  • $115 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
31.5%
Sold below listing
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Fitchburg Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,256 Fitchburg
    $1,494 Worcester Metro
    $1,350 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • $0.93 Rent list price / sq ft
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