New Brighton Home Prices & Values

$218,600 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

  • 3.8% 1-year change
  • 1.7% 1-year forecast

The median home value in New Brighton is $218,600. New Brighton home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in New Brighton is $137, which is lower than the Minneapolis-St Paul Metro average of $165. The median price of homes currently listed in New Brighton is $219,900 while the median price of homes that sold is $214,806.

Foreclosures will be a factor impacting home values in the next several years. In New Brighton 1.6 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 3.4 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 New Brighton is 2.9%, which is lower than the national value of 7.2%. 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 New Brighton homeowners underwater on their mortgage is 15.4%, which is lower than Minneapolis-St Paul Metro at 19.3%.

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Relative ZHVI
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New Brighton Market Overview

Data through Jul 31, 2014
  • $218,600 ZHVI
  • 1.7% 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)
  • $219,900 Median listing price
  • $214,806 Median sale price (Jun 30, 2014)
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New Brighton Market Health

Data through Jul 31, 2014
  • 6.0/10 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 of days on Zillow
  • 15.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.9% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.6 homes New Brighton
3.4 homes Minneapolis-St Paul Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Arden Hills $295,800 Shoreview $241,300 Saint Anthony $231,800
Roseville $217,800 Lauderdale $192,500 Mounds View $177,000
Spring Lake Park $165,700 Fridley $161,700 Columbia Heights $145,300

Listings & Sales

Data through Jul 31, 2014
  • $137 Median list price / sq ft
  • $143 Median sale price / sq ft (Jun 30, 2014)
  • 47.3% Listings with price cut
28.7%
Sold below listing
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New Brighton 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
$1,538 New Brighton
$1,509 Minneapolis-St Paul 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)
  • No data Rent list price
  • $1.08 Rent list price / sq ft
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