06854 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

$328,400

  • 2.4% 1-year change
  • 2.4% 1-year forecast

The median home value in 06854 is $328,400. 06854 home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.4% within the next year. The median rent price in 06854 is $1,982, which is lower than the Norwalk median of $2,250.

Foreclosures will be a factor impacting home values in the next several years. In 06854 2.9 homes are foreclosed (per 10,000). This is greater than the Norwalk value of 1.6 and also lower than the national value of 3.6

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 06854 homeowners underwater on their mortgage is 17.6%, which is higher than Norwalk at 14.2%.

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Relative ZHVI
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06854 Market Overview

Data through Jul 31, 2015
  • $328,400 ZHVI
  • 2.4% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $344,118 Median sale price (Jun 30, 2015)
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06854 Market Health

Data through Jul 31, 2015
  • 2.4/10 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.
  • No data Average days on Zillow
  • 17.6% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

3 06854
2 Norwalk
4 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
06907 $406,600
06906 $375,000
Name Median ZHVI
06855 $371,100
06851 $358,400
06850 $342,700

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $271 Median sale price / sq ft
  • No data Listings with price cut
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06854 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,346 06854
    $2,486 Norwalk
    $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

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,982 Rent list price
  • $1.81 Rent list price / sq ft
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