Home Values

Longmont 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

$252,200

  • 7.0% 1-year change
  • 0.7% 1-year forecast

The median home value in Longmont is $252,200. Longmont home values have gone up 7.0% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Longmont is $153, which is lower than the Boulder Metro average of $212. The median price of homes currently listed in Longmont is $304,900 while the median price of homes that sold is $248,500.

Foreclosures will be a factor impacting home values in the next several years. In Longmont 1.6 homes are foreclosed (per 10,000). This is greater than the Boulder Metro value of 1.1 and also lower than the national value of 4.5

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 Longmont is 1.4%, which is lower than the national value of 6.9%. 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 Longmont homeowners underwater on their mortgage is 7.4%, which is higher than Boulder Metro at 6.5%.

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Relative ZHVI
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Longmont Market Overview

Data through Oct 31, 2014
  • $252,200 ZHVI
  • 0.7% 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
    (Oct 31, 2015)
  • $304,900 Median listing price
  • $248,500 Median sale price
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Longmont Market Health

Data through Oct 31, 2014
  • 7.8/10 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.
  • No data Average days on Zillow
  • 7.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes Longmont
1.1 homes Boulder Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Boulder $523,300
Louisville $431,200
Gunbarrel $396,200
Name Median ZHVI
Erie $366,000
Berthoud $314,500
Lafayette $303,000
Name Median ZHVI
Mead $264,000
Frederick $261,900
Dacono $130,000

Listings & Sales

Data through Oct 31, 2014
  • $153 Median list price / sq ft
  • $152 Median sale price / sq ft
  • 32.8% Listings with price cut
7.5%
Sold below listing
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Longmont Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,625 Longmont
    $2,086 Boulder Metro
    $1,337 United States

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

  • 2.7 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 data Rent list price
  • $1.19 Rent list price / sq ft
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