Home Values

Gates-North Gates 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

$101,000

  • -3.4% 1-year change
  • 0.1% 1-year forecast

The median home value in Gates-North Gates is $101,000. Gates-North Gates home values have declined -3.4% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Gates-North Gates is None. The median rent price in Gates-North Gates is $1,030, which is higher than the Rochester Metro median of $910.

Foreclosures will be a factor impacting home values in the next several years. In Gates-North Gates 7.4 homes are foreclosed (per 10,000). This is greater than the Rochester Metro value of 2.6 and also greater than the national value of 3.0

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 Gates-North Gates is 15.7%, which is higher than the national value of 6.3%. 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 Gates-North Gates homeowners underwater on their mortgage is 10.3%, which is higher than Rochester Metro at 8.3%.

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Relative ZHVI
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Gates-North Gates Market Overview

Data through Mar 31, 2015
  • $101,000 ZHVI
  • 0.1% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Gates-North Gates Market Health

Data through Mar 31, 2015
  • 3.4/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 10.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 15.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.4 homes Gates-North Gates
2.6 homes Rochester Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Brighton $161,500
Ogden $140,900
Henrietta $127,400
Name Median ZHVI
Chili $127,200
Spencerport $125,200
Town of Greece $117,900
Name Median ZHVI
Gates $109,600
Irondequoit $107,800
Rochester $60,600

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
7.7%
Sold below listing
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Gates-North Gates Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,262 Gates-North Gates
    $1,409 Rochester Metro
    $1,362 United States

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

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