Home Values

Northeast 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

$114,900

  • 20.7% 1-year change
  • 7.1% 1-year forecast

The median home value in Northeast is $114,900. Northeast home values have gone up 20.7% over the past year and Zillow predicts they will rise 7.1% within the next year. The median list price per square foot in Northeast is $107, which is lower than the Reno average of $150. The median price of homes currently listed in Northeast is $149,000 while the median price of homes that sold is $137,250. The median rent price in Northeast is $650.

Foreclosures will be a factor impacting home values in the next several years. In Northeast 2.1 homes are foreclosed (per 10,000). This is lower than the Reno value of 2.4 and also lower than the national value of 4.0

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Relative ZHVI
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Northeast Market Overview

Data through Sep 30, 2014
  • $114,900 ZHVI
  • 7.1% 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
    (Sep 30, 2015)
  • $149,000 Median listing price
  • $137,250 Median sale price
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Northeast Market Health

Data through Sep 30, 2014
  • 7.6/10 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.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2.1 homes Northeast
2.4 homes Reno
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Southwest $314,200
South Reno $273,400
Northwest $271,400
Name Median ZHVI
South Central $254,400
Old Northwest - West University $183,800
North Valleys $171,300
Name Median ZHVI
East Reno $145,500
 
 

Listings & Sales

Data through Sep 30, 2014
  • $107 Median list price / sq ft
  • $111 Median sale price / sq ft
  • 17.5% Listings with price cut
28.9%
Sold below listing
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Northeast Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $991 Northeast
    $1,340 Reno
    $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

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $650 Rent list price
  • $0.77 Rent list price / sq ft
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