Essex County 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

$359,600

  • 4.8% 1-year change
  • -0.3% 1-year forecast

The median home value in Essex County is $359,600. Essex County home values have gone up 4.8% over the past year and Zillow predicts they will fall -0.3% within the next year. The median rent price in Essex County is $1,700, which is lower than the Boston Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Essex County 2.0 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

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 Essex County is 7.6%, which is higher than the national value of 6.0%. 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 Essex County homeowners underwater on their mortgage is 8.7%, which is higher than Boston Metro at 8.5%.

Read more
Relative ZHVI
- +

Essex County Market Overview

Data through Jul 31, 2015
  • $359,600 ZHVI
  • -0.3% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $396,150 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Essex County Market Health

Data through Jul 31, 2015
  • 4.9/10 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.
  • 71 Average days on Zillow (Jun 30, 2015)
  • 8.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Essex County
4 United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Essex County

Name Median ZHVI
Town of Boxford $551,800
Town of Topsfield $507,500
Wenham $506,400
Name Median ZHVI
Hamilton $474,000
Middleton $444,800
Town of Rowley $394,800
Name Median ZHVI
Georgetown $394,600
Danvers $355,800
Groveland $335,500

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $224 Median sale price / sq ft
  • No data Listings with price cut
15.1%
Sold below previous sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Essex County Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,002 Essex County
    $2,228 Boston Metro
    $1,376 United States

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

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,700 Rent list price
  • $1.47 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading