Home Values

North Beach 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

$246,400

  • -3.0% 1-year change
  • -2.2% 1-year forecast

The median home value in North Beach is $246,400. North Beach home values have declined -3.0% over the past year and Zillow predicts they will fall -2.2% within the next year. The median list price per square foot in North Beach is $199, which is higher than the Washington Metro average of $194. The median price of homes currently listed in North Beach is $265,000 while the median price of homes that sold is $220,000. The median rent price in North Beach is $1,550, which is lower than the Washington Metro median of $1,850.

Foreclosures will be a factor impacting home values in the next several years. In North Beach 8.4 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 4.1 and also greater 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 North Beach is 8.7%, which is higher 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 North Beach homeowners underwater on their mortgage is 27.4%, which is higher than Washington Metro at 18.4%.

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Relative ZHVI
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North Beach Market Overview

Data through Jan 31, 2015
  • $246,400 ZHVI
  • -2.2% 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
    (Jan 31, 2016)
  • $265,000 Median listing price
  • No recent data Median sale price
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North Beach Market Health

Data through Jan 31, 2015
  • 0.3/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 27.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.4 homes North Beach
4.1 homes Washington Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Dunkirk $422,000
Owings $409,000
West River $391,000
Name Median ZHVI
Tracys Landing $371,500
Sunderland $368,700
Deale $334,000
Name Median ZHVI
Churchton $305,900
Chesapeake Beach $290,400
Shady Side $282,800

Listings & Sales

Data through Jan 31, 2015
  • $199 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
6.2%
Sold below listing
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North Beach Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,676 North Beach
    $2,103 Washington Metro
    $1,350 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,550 Rent list price
  • $1.22 Rent list price / sq ft
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