Home Values

Lynbrook 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

$404,000

  • 1.9% 1-year change
  • -0.0% 1-year forecast

The median home value in Lynbrook is $404,000. Lynbrook home values have gone up 1.9% over the past year and Zillow predicts they will fall -0.0% within the next year. The median list price per square foot in Lynbrook is None. The median rent price in Lynbrook is $1,850, which is lower than the New York Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Lynbrook 1.2 homes are foreclosed (per 10,000). This is lower 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 Lynbrook is 6.4%, 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 Lynbrook homeowners underwater on their mortgage is 6.5%, which is lower than New York Metro at 13.1%.

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Relative ZHVI
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Lynbrook Market Overview

Data through Apr 30, 2015
  • $404,000 ZHVI
  • -0.0% 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
  • $423,118 Median sale price
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Lynbrook Market Health

Data through Apr 30, 2015
  • 5.1/10 Stable
    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
  • 6.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.2 homes(Nov 30, 2014) Lynbrook
2.2 homes New York Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Hewlett Harbor $1,174,300
Rockville Centre $604,800
Hewlett $435,100
Name Median ZHVI
Oceanside $397,800
East Rockaway $396,600
Malverne $388,600
Name Median ZHVI
Franklin Square $387,500
West Hempstead $369,600
Valley Stream $352,200

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $278 Median sale price / sq ft
  • No data Listings with price cut
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Lynbrook Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,496 Lynbrook
    $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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,850 Rent list price
  • $0.98 Rent list price / sq ft
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