Home Values

Newman 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Newman is $118, which is lower than the Modesto Metro average of $141. The median price of homes currently listed in Newman is $218,000 while the median price of homes that sold is $200,294. The median rent price in Newman is $975, which is lower than the Modesto Metro median of $1,035.

Foreclosures will be a factor impacting home values in the next several years. In Newman 4.0 homes are foreclosed (per 10,000). This is greater than the Modesto Metro value of 3.9 and also lower than the national value of 4.2

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 Newman is 4.5%, which is lower than the national value of 6.4%. 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 Newman homeowners underwater on their mortgage is 24.0%, which is higher than Modesto Metro at 21.1%.

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Relative ZHVI
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Newman Market Overview

Data through Nov 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $218,000 Median listing price
  • No recent data Median sale price
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Newman Market Health

Data through Nov 30, 2014
  • 2.9/10 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
  • 24.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4 homes Newman
3.9 homes Modesto Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
San Martin $866,600
Gilroy $603,000
Hollister $413,000
Name Median ZHVI
Patterson $249,800
Turlock $243,600
Hilmar $242,100
Name Median ZHVI
Modesto $201,900
Ceres $200,600
Keyes $141,100

Listings & Sales

Data through Nov 30, 2014
  • $118 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
10.4%
Sold below listing
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Newman Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,152 Newman
    $1,206 Modesto Metro
    $1,342 United States

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

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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