06850 Home Prices & Values

$366,200 Zillow Home Value Index What's This?  
Close

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

  • 5.1% 1-year change
  • 2.0% 1-year forecast

The median home value in 06850 is $366,200. 06850 home values have gone up 5.1% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in 06850 is $253, which is lower than the Norwalk average of $261. The median price of homes currently listed in 06850 is $405,000 while the median price of homes that sold is $333,125. The median rent price in 06850 is $1,875, which is lower than the Norwalk median of $1,970.

Foreclosures will be a factor impacting home values in the next several years. In 06850 2.2 homes are foreclosed (per 10,000). This is the same as the Norwalk value of 2.2 and also lower than the national value of 4.4

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 06850 is 10.0%, which is higher than the national value of 6.9%. 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 06850 homeowners underwater on their mortgage is 20.8%, which is higher than Norwalk at 19.1%.

more
Relative ZHVI
- +

06850 Market Overview

Data through Jul 31, 2014
  • $366,200 ZHVI
  • 2.0% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $405,000 Median listing price
  • $333,125 Median sale price (Jun 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

06850 Market Health

Data through Jul 31, 2014
  • 2.8/10 Less healthy What's This?  
    Close

    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
  • 20.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes 06850
2.2 homes Norwalk
4.4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
06820 $1,371,500 06840 $1,323,400 06880 $1,100,400
06853 $927,600 06897 $751,300 06907 $428,100
06851 $380,500 06855 $377,000 06854 $317,000

Listings & Sales

Data through Jul 31, 2014
  • $253 Median list price / sq ft
  • $239 Median sale price / sq ft (Jun 30, 2014)
  • 40.8% Listings with price cut
38.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

06850 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,375 06850
$2,379 Norwalk
$1,318 United States
  • 5.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,875 Rent list price
  • $1.78 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading