New Rochelle Home Prices & Values

$600,600 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

  • 5.4% 1-year change
  • 1.6% 1-year forecast

The median home value in New Rochelle is $600,600. New Rochelle home values have gone up 5.4% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in New Rochelle is $220, which is lower than the New York Metro average of $252. The median price of homes currently listed in New Rochelle is $469,000 while the median price of homes that sold is $690,550. The median rent price in New Rochelle is $2,000.

Foreclosures will be a factor impacting home values in the next several years. In New Rochelle 1.3 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.4 and also lower 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 Rochelle is 16.2%, 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 Rochelle homeowners underwater on their mortgage is 10.6%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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New Rochelle Market Overview

Data through Aug 31, 2014
  • $600,600 ZHVI
  • 1.6% 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)
  • $469,000 Median listing price
  • $690,550 Median sale price
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New Rochelle Market Health

Data through Aug 31, 2014
  • 7.1/10 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
  • 10.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes New Rochelle
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Scarsdale $1,293,700 Larchmont $1,030,300 Pelham Manor $827,500
Bronxville $759,000 Town of Mamaroneck $652,900 Eastchester $621,100
Pelham $575,600 Tuckahoe $497,900 Mount Vernon $371,900

Listings & Sales

Data through Aug 31, 2014
  • $220 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.3% Listings with price cut
10.1%
Sold below listing
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New Rochelle 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
$3,891 New Rochelle
$2,340 New York Metro
$1,328 United States
  • 2.7 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)
  • $2,000 Rent list price
  • $2.09 Rent list price / sq ft
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