Home Values

02861 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

$155,500

  • 9.4% 1-year change
  • 3.9% 1-year forecast

The median home value in 02861 is $155,500. 02861 home values have gone up 9.4% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 02861 is $141, which is higher than the Pawtucket average of $129. The median price of homes currently listed in 02861 is $159,900 while the median price of homes that sold is $161,375. The median rent price in 02861 is $900, which is the same as the Pawtucket median of $900.

Foreclosures will be a factor impacting home values in the next several years. In 02861 2.4 homes are foreclosed (per 10,000). This is lower than the Pawtucket value of 2.9 and also lower than the national value of 4.0

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 02861 is 7.4%, 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 02861 homeowners underwater on their mortgage is 38.6%, which is lower than Pawtucket at 39.1%.

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Relative ZHVI
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02861 Market Overview

Data through Sep 30, 2014
  • $155,500 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
    (Sep 30, 2015)
  • $159,900 Median listing price
  • $161,375 Median sale price (Jul 31, 2014)
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02861 Market Health

Data through Sep 30, 2014
  • 3.6/10 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
  • 38.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes 02861
2.9 homes Pawtucket
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
02906 $403,100
02771 $274,900
02703 $241,500
Name Median ZHVI
02916 $210,600
02914 $174,300
02903 $173,800
Name Median ZHVI
02904 $170,300
02863 $151,800
02860 $143,900

Listings & Sales

Data through Sep 30, 2014
  • $141 Median list price / sq ft
  • $139 Median sale price / sq ft (Jul 31, 2014)
  • 44.8% Listings with price cut
41.2%
Sold below listing
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02861 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,308 02861
    $1,302 Pawtucket
    $1,335 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • $0.99 Rent list price / sq ft
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