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

$299,000

  • -1.3% 1-year change
  • 3.0% 1-year forecast

The median home value in New River is $299,000. New River home values have declined -1.3% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in New River is None. The median rent price in New River is $1,500, which is higher than the Phoenix Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In New River 5.2 homes are foreclosed (per 10,000). This is greater than the Phoenix Metro value of 3.3 and also greater 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 River is 1.4%, which is lower 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 River homeowners underwater on their mortgage is 17.1%, which is lower than Phoenix Metro at 19.0%.

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Relative ZHVI
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New River Market Overview

Data through May 31, 2015
  • $299,000 ZHVI
  • 3.0% 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 River Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 17.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5.2 homes(Mar 31, 2015) New River
3.3 homes Phoenix Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Paradise Valley $1,435,600
Carefree $661,000
Cave Creek $507,000
Name Median ZHVI
Scottsdale $374,400
Anthem $306,400
Peoria $203,900
Name Median ZHVI
Sun City West $175,900
Phoenix $161,600
Sun City $116,100

Listings & Sales

  • No data
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New River Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,646 New River
    $1,256 Phoenix 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

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