Home Values

New Providence 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

$537,800

  • -4.5% 1-year change
  • -2.5% 1-year forecast

The median home value in New Providence is $537,800. New Providence home values have declined -4.5% over the past year and Zillow predicts they will fall -2.5% within the next year. The median list price per square foot in New Providence is None. The median rent price in New Providence is $1,590, which is lower than the New York Metro median of $2,515.

Foreclosures will be a factor impacting home values in the next several years. In New Providence 1.8 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 2.0 and also lower than the national value of 3.5

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 Providence is 10.0%, which is higher than the national value of 6.0%. 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 New Providence homeowners underwater on their mortgage is 3.3%, which is lower than New York Metro at 12.4%.

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Relative ZHVI
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New Providence Market Overview

Data through May 31, 2015
  • $537,800 ZHVI
  • -2.5% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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New Providence Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 3.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 10.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1.8 homes New Providence
2 homes New York Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Summit $744,500
Chatham Township $733,900
Westfield $671,000
Name Median ZHVI
Watchung $619,000
Mountainside $573,800
Madison $549,000
Name Median ZHVI
Berkeley Heights $516,800
Scotch Plains $423,900
Fanwood $405,700

Listings & Sales

  • No data
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New Providence Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,628 New Providence
    $2,357 New York Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,590 Rent list price
  • No data Rent list price / sq ft
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