Home Values

New Rochelle 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

$619,400

  • 8.8% 1-year change
  • 1.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in New Rochelle is $619,400. New Rochelle home values have gone up 8.8% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in New Rochelle is $223, which is lower than the New York Metro average of $252. The median price of homes currently listed in New Rochelle is $460,021 while the median price of homes that sold is $648,700. The median rent price in New Rochelle is $2,200.

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 4.0

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 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 Sep 30, 2014
  • $619,400 ZHVI
  • 1.0% 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
    (Sep 30, 2015)
  • $460,021 Median listing price
  • $648,700 Median sale price
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New Rochelle Market Health

Data through Sep 30, 2014
  • 6.8/10 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
  • 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(Aug 31, 2014) New Rochelle
1.4 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Scarsdale $1,355,700
Larchmont $1,048,300
Harrison $914,000
Name Median ZHVI
Bronxville $713,000
Town of Mamaroneck $631,100
Eastchester $629,800
Name Median ZHVI
Pelham $573,000
Tuckahoe $537,800
Mount Vernon $372,400

Listings & Sales

Data through Sep 30, 2014
  • $223 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.5% Listings with price cut
11.3%
Sold below listing
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New Rochelle Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $4,040 New Rochelle
    $2,339 New York 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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,200 Rent list price
  • $2.05 Rent list price / sq ft
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