11207 Home Prices & Values

$305,800 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

  • 5.7% 1-year change
  • -0.1% 1-year forecast

The median home value in 11207 is $305,800. 11207 home values have gone up 5.7% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in 11207 is $290, which is lower than the New York average of $507. The median price of homes currently listed in 11207 is $449,999 while the median price of homes that sold is $273,044. The median rent price in 11207 is $1,900.

Foreclosures will be a factor impacting home values in the next several years. In 11207 1.7 homes are foreclosed (per 10,000). This is greater than the New York value of 0.3 and also lower than the national value of 4.4

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 11207 is 33.9%, 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 11207 homeowners underwater on their mortgage is 10.0%, which is lower than New York at 10.2%.

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Relative ZHVI
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11207 Market Overview

Data through Jul 31, 2014
  • $305,800 ZHVI
  • -0.1% 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

    (Jul 31, 2015)
  • $449,999 Median listing price
  • No recent data Median sale price
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11207 Market Health

Data through Jul 31, 2014
  • 3.1/10 Less 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
  • 10.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 33.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes 11207
0.3 homes New York
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
11213 $727,800 11221 $685,400 11385 $462,400
11203 $373,400 11421 $373,100 11236 $360,600
11416 $358,800 11208 $323,700 11212 $299,100

Listings & Sales

Data through Jul 31, 2014
  • $290 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.3% Listings with price cut
10.2%
Sold below listing
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11207 Rentals

Data through Jul 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
$2,013 11207
$2,178 New York
$1,318 United States
  • 4.0 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, 2013)
  • $1,900 Rent list price
  • No data Rent list price / sq ft
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