Home Values

06850 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

$374,300

  • 6.2% 1-year change
  • 3.9% 1-year forecast

The median home value in 06850 is $374,300. 06850 home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 06850 is $239, which is lower than the Norwalk average of $258. The median price of homes currently listed in 06850 is $399,999 while the median price of homes that sold is $365,250. The median rent price in 06850 is $2,056, which is lower than the Norwalk median of $2,135.

Foreclosures will be a factor impacting home values in the next several years. In 06850 1.5 homes are foreclosed (per 10,000). This is greater than the Norwalk value of 0.3 and also lower 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 06850 homeowners underwater on their mortgage is 16.1%, which is higher than Norwalk at 16.0%.

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Relative ZHVI
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06850 Market Overview

Data through Feb 28, 2015
  • $374,300 ZHVI
  • 3.9% 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
    (Feb 29, 2016)
  • $399,999 Median listing price
  • $365,250 Median sale price (Jan 31, 2015)
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06850 Market Health

Data through Feb 28, 2015
  • 5.6/10 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
  • 16.1% 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)

1.5 homes(Dec 31, 2014) 06850
0.3 homes Norwalk
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
06820 $1,321,700
06840 $1,262,600
06880 $1,046,700
Name Median ZHVI
06853 $882,600
06897 $721,400
06907 $406,600
Name Median ZHVI
06855 $371,100
06851 $358,400
06854 $298,000

Listings & Sales

Data through Feb 28, 2015
  • $239 Median list price / sq ft
  • $261 Median sale price / sq ft (Jan 31, 2015)
  • 14.5% Listings with price cut
45.8%
Sold below listing
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06850 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,463 06850
    $2,478 Norwalk
    $1,355 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,056 Rent list price
  • $1.75 Rent list price / sq ft
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