Malta Home Prices & Values

$250,000 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

  • 1.3% 1-year change
  • 3.9% 1-year forecast

The median home value in Malta is $250,000. Malta home values have gone up 1.3% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in Malta is $158, which is higher than the Albany Metro average of $134. The median price of homes currently listed in Malta is $294,900 while the median price of homes that sold is $222,058. The median rent price in Malta is $1,400, which is higher than the Albany Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Malta 1.6 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 2.3 and also lower than the national value of 4.4

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 Malta is 5.9%, 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 Malta homeowners underwater on their mortgage is 7.3%, which is lower than Albany Metro at 12.6%.

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Relative ZHVI
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Malta Market Overview

Data through Jul 31, 2014
  • $250,000 ZHVI
  • 3.9% 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

    (Jul 31, 2015)
  • $294,900 Median listing price
  • $222,058 Median sale price
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Malta Market Health

Data through Jul 31, 2014
  • 9.2/10 Very 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 days on Zillow
  • 7.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes Malta
2.3 homes Albany Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Saratoga Springs $313,900 Clifton Park $262,400 Country Knolls $258,600
Ballston $231,400 Town of Milton $220,200 Town of Stillwater $208,200
Ballston Spa $187,000 North Ballston Spa $182,300 Mechanicville $135,500

Listings & Sales

Data through Jul 31, 2014
  • $158 Median list price / sq ft
  • $149 Median sale price / sq ft
  • 35.3% Listings with price cut
18.2%
Sold below listing
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Malta Rentals

Data through Jul 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
$2,070 Malta
$1,499 Albany Metro
$1,318 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)
  • $1,400 Rent list price
  • No recent data Rent list price / sq ft
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