New Haven Home Prices & Values

$153,000 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

  • -11.4% 1-year change
  • -6.3% 1-year forecast

The median home value in New Haven is $153,000. New Haven home values have declined -11.4% over the past year and Zillow predicts they will fall -6.3% 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 $153. The median price of homes currently listed in New Haven is $184,900 while the median price of homes that sold is $208,175. The median rent price in New Haven is $1,195, which is lower than the New Haven Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In New Haven 11.6 homes are foreclosed (per 10,000). This is greater than the New Haven Metro value of 5.2 and also greater 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 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 Jul 31, 2014
  • $153,000 ZHVI
  • -6.3% 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)
  • $184,900 Median listing price
  • $208,175 Median sale price
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New Haven Market Health

Data through Jul 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)

11.6 homes New Haven
5.2 homes New Haven Metro
4.4 homes United States
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Neighborhoods in New Haven

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Rock $332,600 Prospect Hill $321,300 Beaver Hills $189,600
Fair Haven Heights $136,800 Annex $127,200 Fair Haven $119,100
Quinnipiac $113,200 Newhallville $106,100 Hill $105,600

Listings & Sales

Data through Jul 31, 2014
  • $130 Median list price / sq ft
  • $137 Median sale price / sq ft
  • 40.2% Listings with price cut
45.0%
Sold below listing
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New Haven 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
$1,438 New Haven
$1,593 New Haven Metro
$1,318 United States
  • 4.0 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)
  • $1,195 Rent list price
  • $1.17 Rent list price / sq ft
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