New Haven Home Prices & Values

$152,700 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

  • -10.8% 1-year change
  • -5.7% 1-year forecast

The median home value in New Haven is $152,700. New Haven home values have declined -10.8% over the past year and Zillow predicts they will fall -5.7% within the next year. The median list price per square foot in New Haven is $130, which is lower than the New Haven Metro average of $150. The median price of homes currently listed in New Haven is $187,000 while the median price of homes that sold is $187,550. The median rent price in New Haven is $1,200, which is lower than the New Haven Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In New Haven 17.7 homes are foreclosed (per 10,000). This is greater than the New Haven Metro value of 6.8 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 New Haven is 10.0%, 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 New Haven homeowners underwater on their mortgage is 33.7%, which is higher than New Haven Metro at 23.3%.

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Relative ZHVI
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New Haven Market Overview

Data through Aug 31, 2014
  • $152,700 ZHVI
  • -5.7% 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

    (Aug 31, 2015)
  • $187,000 Median listing price
  • $187,550 Median sale price
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New Haven Market Health

Data through Aug 31, 2014
  • 0.0/10 Less 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 days on Zillow
  • 33.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

17.7 homes New Haven
6.8 homes New Haven Metro
4.3 homes United States
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Neighborhoods in New Haven

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Rock $335,300 Prospect Hill $321,800 Beaver Hills $183,800
Fair Haven Heights $137,500 Annex $125,600 Fair Haven $121,300
Newhallville $111,200 Hill $111,100 Quinnipiac $110,500

Listings & Sales

Data through Aug 31, 2014
  • $130 Median list price / sq ft
  • $139 Median sale price / sq ft
  • 42.4% Listings with price cut
47.1%
Sold below listing
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New Haven Rentals

Data through Aug 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
$1,443 New Haven
$1,607 New Haven Metro
$1,328 United States
  • 3.9 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, 2014)
  • $1,200 Rent list price
  • $1.12 Rent list price / sq ft
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