Home Values

02462 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

$714,000

  • 0.2% 1-year change
  • -0.1% 1-year forecast

The median home value in 02462 is $714,000. 02462 home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.1% within the next year. The median price of homes currently listed in 02462 is $609,000. The median rent price in 02462 is $1,700, which is lower than the Newton median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 02462 47.7 homes are foreclosed (per 10,000). This is greater than the Newton value of 1.5 and also greater than the national value of 3.9

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 02462 homeowners underwater on their mortgage is 2.9%, which is lower than Newton at 3.3%.

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Relative ZHVI
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02462 Market Overview

Data through Apr 30, 2015
  • $714,000 ZHVI
  • -0.1% 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
    (Apr 30, 2016)
  • No recent data Median listing price
  • No data Median sale price
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02462 Market Health

Data through Apr 30, 2015
  • 9.6/10 Very 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 2.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

47.7 homes(Mar 31, 2014) 02462
1.5 homes Newton
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
02481 $1,153,300
02468 $1,123,400
02461 $794,100
Name Median ZHVI
02466 $743,500
02460 $735,600
02465 $716,000
Name Median ZHVI
02494 $679,400
02464 $516,500
02453 $428,100

Listings & Sales

  • No data
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02462 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,921 02462
    $2,965 Newton
    $1,364 United States

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

  • 4.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,700 Rent list price (Mar 31, 2015)
  • No data Rent list price / sq ft
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