Home Values

New Britain 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

$130,600

  • -0.7% 1-year change
  • 0.9% 1-year forecast

The median home value in New Britain is $130,600. New Britain home values have declined -0.7% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in New Britain is None. The median rent price in New Britain is $950, which is lower than the Hartford Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In New Britain 8.3 homes are foreclosed (per 10,000). This is greater than the Hartford Metro value of 2.0 and also greater than the national value of 3.0

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 Britain is 11.1%, which is higher than the national value of 6.3%. 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 Britain homeowners underwater on their mortgage is 33.4%, which is higher than Hartford Metro at 19.4%.

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Relative ZHVI
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New Britain Market Overview

Data through Mar 31, 2015
  • $130,600 ZHVI
  • 0.9% 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
  • $128,100 Median sale price (Feb 28, 2015)
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New Britain Market Health

Data through Mar 31, 2015
  • 0.8/10 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
  • 33.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 11.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

8.3 homes(Feb 28, 2015) New Britain
2 homes Hartford Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Avon $345,800
West Hartford $290,700
Farmington $278,200
Name Median ZHVI
Berlin $259,700
Southington $252,600
Wethersfield $234,000
Name Median ZHVI
Rocky Hill $233,500
Newington $206,700
Plainville $176,500

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $94 Median sale price / sq ft
  • No data Listings with price cut
28.6%
Sold below listing
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New Britain Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,371 New Britain
    $1,660 Hartford Metro
    $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)
  • $950 Rent list price
  • $0.92 Rent list price / sq ft
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