Home Values

06051 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

$116,400

  • 2.9% 1-year change
  • 1.8% 1-year forecast

The median home value in 06051 is $116,400. 06051 home values have gone up 2.9% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 06051 is None. The median rent price in 06051 is $800, which is lower than the New Britain median of $950.

Foreclosures will be a factor impacting home values in the next several years. In 06051 14.6 homes are foreclosed (per 10,000). This is greater than the New Britain value of 8.3 and also greater than the national value of 3.0

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 06051 homeowners underwater on their mortgage is 37.0%, which is higher than New Britain at 33.4%.

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Relative ZHVI
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06051 Market Overview

Data through Mar 31, 2015
  • $116,400 ZHVI
  • 1.8% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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06051 Market Health

Data through Mar 31, 2015
  • 0.4/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 37.0% 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)

14.6 homes(Feb 28, 2015) 06051
8.3 homes(Feb 28, 2015) New Britain
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
06107 $354,500
06032 $277,300
06037 $259,700
Name Median ZHVI
06109 $234,100
06111 $206,200
06110 $192,500
Name Median ZHVI
06062 $174,900
06052 $167,600
06053 $131,300

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
33.3%
Sold below listing
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06051 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,294 06051
    $1,371 New Britain
    $1,362 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)
  • $800 Rent list price
  • No data Rent list price / sq ft
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