Home Values

Glen Ridge 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

$580,900

  • 8.1% 1-year change
  • 2.1% 1-year forecast

The median home value in Glen Ridge is $580,900. Glen Ridge home values have gone up 8.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Glen Ridge is None. The median rent price in Glen Ridge is $3,000, which is higher than the New York Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Glen Ridge 2.4 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 2.2 and also lower than the national value of 3.9

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 Glen Ridge is 10.2%, 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 Glen Ridge homeowners underwater on their mortgage is 4.1%, which is lower than New York Metro at 13.1%.

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Relative ZHVI
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Glen Ridge Market Overview

Data through Apr 30, 2015
  • $580,900 ZHVI
  • 2.1% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Glen Ridge Market Health

Data through Apr 30, 2015
  • 9.2/10 Very 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
  • 4.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 10.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.4 homes(Dec 31, 2009) Glen Ridge
2.2 homes New York Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Montclair $530,100
Cedar Grove $421,000
Verona $392,100
Name Median ZHVI
Nutley $341,400
West Orange $326,800
Bloomfield $272,600
Name Median ZHVI
Belleville $242,000
Orange $177,700
East Orange $173,300

Listings & Sales

  • No data
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Glen Ridge Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,345 Glen Ridge
    $2,372 New York Metro
    $1,364 United States

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

  • 5.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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