Home Values

New River 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

$300,700

  • 2.4% 1-year change
  • 2.9% 1-year forecast

The median home value in New River is $300,700. New River home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in New River is $131, which is higher than the Phoenix Metro average of $123. The median price of homes currently listed in New River is $324,900 while the median price of homes that sold is $190,000. The median rent price in New River is $1,500, which is higher than the Phoenix Metro median of $1,165.

Foreclosures will be a factor impacting home values in the next several years. In New River 4.5 homes are foreclosed (per 10,000). This is greater than the Phoenix Metro value of 4.1 and also greater than the national value of 4.0

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 River is 1.7%, which is lower 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 River homeowners underwater on their mortgage is 15.1%, which is lower than Phoenix Metro at 20.1%.

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Relative ZHVI
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New River Market Overview

Data through Sep 30, 2014
  • $300,700 ZHVI
  • 2.9% 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
    (Sep 30, 2015)
  • $324,900 Median listing price
  • No recent data Median sale price
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New River Market Health

Data through Sep 30, 2014
  • 3.1/10 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.
  • No data Average days on Zillow
  • 15.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes New River
4.1 homes Phoenix Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Paradise Valley $1,465,500
Carefree $681,600
Cave Creek $528,600
Name Median ZHVI
Scottsdale $374,600
Anthem $306,800
Peoria $208,600
Name Median ZHVI
Sun City West $184,700
Phoenix $165,000
Sun City $119,500

Listings & Sales

Data through Sep 30, 2014
  • $131 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.7% Listings with price cut
8.3%
Sold below listing
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New River Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,539 New River
    $1,215 Phoenix Metro
    $1,335 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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