Home Values

02746 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

$169,800

  • 5.8% 1-year change
  • 3.6% 1-year forecast

The median home value in 02746 is $169,800. 02746 home values have gone up 5.8% over the past year and Zillow predicts they will rise 3.6% within the next year. The median price of homes currently listed in 02746 is $164,900. The median rent price in 02746 is $1,095.

Foreclosures will be a factor impacting home values in the next several years. In 02746 10.9 homes are foreclosed (per 10,000). This is greater than the New Bedford value of 0.8 and also greater than the national value of 4.3

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 02746 is 10.1%, which is higher 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 02746 homeowners underwater on their mortgage is 27.1%, which is higher than New Bedford at 23.8%.

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Relative ZHVI
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02746 Market Overview

Data through Aug 31, 2014
  • $169,800 ZHVI
  • 3.6% 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
    (Aug 31, 2015)
  • $164,900 Median listing price
  • No data Median sale price
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02746 Market Health

Data through Aug 31, 2014
  • 3.2/10 Less 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
  • 27.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.9 homes(Sep 30, 2012) 02746
0.8 homes New Bedford
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI
02739 $388,300
02748 $334,000
02717 $274,200
Name Median ZHVI
02747 $269,300
02743 $249,900
02719 $235,500
Name Median ZHVI
02745 $194,700
02744 $183,200
02740 $173,100

Listings & Sales

Data through Aug 31, 2014
  • $120 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.8% Listings with price cut
41.7%
Sold below listing
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02746 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,188 02746
    $1,211 New Bedford
    $1,328 United States

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

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,095 Rent list price
  • $1.02 Rent list price / sq ft
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