Home Values

08536 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

$363,800

  • 3.4% 1-year change
  • 0.7% 1-year forecast

The median home value in 08536 is $363,800. 08536 home values have gone up 3.4% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in 08536 is $206, which is lower than the New York Metro average of $253. The median price of homes currently listed in 08536 is $244,000 while the median price of homes that sold is $281,144. The median rent price in 08536 is $1,400, which is lower than the New York Metro median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 08536 1.3 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.4 and also lower than the national value of 3.9

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 08536 homeowners underwater on their mortgage is 7.0%, which is lower than New York Metro at 13.1%.

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Relative ZHVI
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08536 Market Overview

Data through Feb 28, 2015
  • $363,800 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
    (Feb 29, 2016)
  • $244,000 Median listing price
  • $281,144 Median sale price (Dec 31, 2014)
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08536 Market Health

Data through Feb 28, 2015
  • 6.7/10 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
  • 7.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

1.3 homes(Jan 31, 2015) 08536
1.4 homes New York Metro
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
08550 $582,000
08540 $534,300
08542 $450,100
Name Median ZHVI
08512 $414,800
08824 $348,700
08810 $335,300
Name Median ZHVI
08852 $327,300
08823 $214,900
08520 $213,200

Listings & Sales

Data through Feb 28, 2015
  • $206 Median list price / sq ft
  • $209 Median sale price / sq ft (Dec 31, 2014)
  • 18.0% Listings with price cut
27.0%
Sold below listing
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08536 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,335 08536
    $2,348 New York Metro
    $1,355 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price
  • $1.49 Rent list price / sq ft
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