Hackensack Home Prices & Values

$269,000 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

  • 11.9% 1-year change
  • 3.2% 1-year forecast

Market Temperature: NeutralWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Hackensack is $269,000. Hackensack home values have gone up 11.9% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Hackensack is $194, which is lower than the New York Metro average of $258. The median price of homes currently listed in Hackensack is $249,000 while the median price of homes that sold is $236,154. The median rent price in Hackensack is $1,895, which is lower than the New York Metro median of $2,795.

Foreclosures will be a factor impacting home values in the next several years. In Hackensack 0.6 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.1 and also lower than the national value of 4.8

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 Hackensack is 19.4%, 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 Hackensack homeowners underwater on their mortgage is 29.1%, which is higher than New York Metro at 15.7%.

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Relative ZHVI
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Hackensack Market Overview

Data through May 31, 2014
  • $269,000 ZHVI
  • 3.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $249,000 Median listing price
  • $236,154 Median sale price
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Hackensack Market Health

Data through May 31, 2014
  • 4.1/10 Less healthy 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
  • 29.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 19.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Apr 30, 2014) Hackensack
1.1 homes New York Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
River Edge $412,200 Hasbrouck Heights $355,200 Teaneck $351,000
Maywood $341,900 South Hackensack Township $338,500 Lodi $310,700
Rochelle Park $308,100 Bogota $304,600 Ridgefield Park $279,900

Listings & Sales

Data through May 31, 2014
  • $194 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.1% Listings with price cut
33.8%
Sold below listing
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Hackensack Rentals

Data through May 31, 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
$2,260 Hackensack
$2,297 New York Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,895 Rent list price
  • $2.02 Rent list price / sq ft
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