Northfield 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

Foreclosures will be a factor impacting home values in the next several years. In Northfield 0.8 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 2.9 and also lower than the national value of 3.6

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 Northfield is 2.0%, which is lower than the national value of 6.0%. 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 Northfield homeowners underwater on their mortgage is 15.9%, which is higher than Minneapolis-St Paul Metro at 14.1%.

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Relative ZHVI
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Northfield Market Overview

Data through Jul 31, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $211,963 Median sale price
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Northfield Market Health

Data through Jul 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 15.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1(Jan 31, 2015) Northfield
3 Minneapolis-St Paul Metro
4 United States
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Nearby Cities

Name Median ZHVI
Lakeville $264,400
Elko New Market $244,400
Rosemount $217,100
Name Median ZHVI
Farmington $200,300
Apple Valley $199,300
 

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $162 Median sale price / sq ft
  • No data Listings with price cut
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Northfield Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,399 Northfield
    $1,527 Minneapolis-St Paul Metro
    $1,376 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 data Rent list price
  • No data Rent list price / sq ft
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