Gallatin Home Prices & Values

$212,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7% 1-year change
  • No data 1-year forecast

The median home value in Gallatin is $212,300. Gallatin home values have gone up 0.7% over the past year. The median price of homes currently listed in Gallatin is $230,000. The median rent price in Gallatin is $2,200, which is higher than the Hudson Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Gallatin 26.7 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 Gallatin is 8.6%, which is higher than the national value of 7.2%. 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 Gallatin homeowners underwater on their mortgage is 10.6%.

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Relative ZHVI
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Gallatin Market Overview

Data through Jun 30, 2014
  • $212,300 ZHVI
  • No data 1-yr forecast
  • $230,000 Median listing price
  • No data Median sale price
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Gallatin Market Health

Data through Jun 30, 2014
  • 5.1/10 Stable What's This?  
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    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 of days on Zillow
  • 10.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 8.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Rhinebeck $271,200 Clinton $261,100 Town of Red Hook $253,300
Stanford $248,200 Milan $247,300 North East $243,100
Town of Pine Plains $216,200    

Listings & Sales

Data through Jun 30, 2014
  • $139 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 23.9% Listings with price cut
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Gallatin Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,939 Gallatin
$1,914 Hudson Metro
$1,310 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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