Home Values

Old Lyme 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

$352,200

  • 0.8% 1-year change
  • 3.3% 1-year forecast

The median home value in Old Lyme is $352,200. Old Lyme home values have gone up 0.8% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Old Lyme is None.

Foreclosures will be a factor impacting home values in the next several years. In Old Lyme 1.6 homes are foreclosed (per 10,000). This is lower than the New London Metro value of 6.8 and also lower than the national value of 3.0

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 Old Lyme is 8.2%, which is higher than the national value of 6.3%. 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 Old Lyme homeowners underwater on their mortgage is 8.2%, which is lower than New London Metro at 23.6%.

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Relative ZHVI
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Old Lyme Market Overview

Data through Mar 31, 2015
  • $352,200 ZHVI
  • 3.3% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Old Lyme Market Health

Data through Mar 31, 2015
  • 4.8/10 Stable
    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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 8.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.6 homes(Dec 31, 2014) Old Lyme
6.8 homes(Feb 28, 2015) New London Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Orient $738,400
East Marion $552,500
Lyme $436,000
Name Median ZHVI
Old Saybrook $356,400
Essex $329,800
Westbrook $317,000
Name Median ZHVI
East Lyme $286,200
Niantic $236,100
Waterford $224,600

Listings & Sales

  • No data
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Old Lyme Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,653 Old Lyme
    $1,483 New London Metro
    $1,362 United States

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

  • 21.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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