06031 Home Prices & Values

$256,100 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

  • -0.9% 1-year change
  • No data 1-year forecast

The median home value in 06031 is $256,100. 06031 home values have declined -0.9% over the past year. The median price of homes currently listed in 06031 is $349,000.

Foreclosures will be a factor impacting home values in the next several years. In 06031 50.5 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 06031 is 5.6%, which is lower 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 06031 homeowners underwater on their mortgage is 14.4%.

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Relative ZHVI
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06031 Market Overview

Data through Jun 30, 2014
  • $256,100 ZHVI
  • No data 1-yr forecast
  • $349,000 Median listing price
  • No data Median sale price
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06031 Market Health

Data through Jun 30, 2014
  • 3.0/10 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
  • 14.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
06039 $425,800 06068 $420,900 06796 $392,800
06069 $392,400 06754 $324,600 06756 $323,500
06058 $317,600 01257 $272,200 06018 $166,500

Listings & Sales

Data through Jun 30, 2014
  • $194 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.5% Listings with price cut
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06031 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
$1,595 06031
$1,505 Torrington Metro
$1,310 United States
  • 3.0 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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