Home Values

Penfield 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

$178,600

  • -1.7% 1-year change
  • 0.8% 1-year forecast

The median home value in Penfield is $178,600. Penfield home values have declined -1.7% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Penfield is None. The median rent price in Penfield is $1,250, which is higher than the Rochester Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Penfield 1.5 homes are foreclosed (per 10,000). This is lower than the Rochester Metro value of 3.5 and also lower than the national value of 3.9

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 Penfield is 5.6%, which is lower 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 Penfield homeowners underwater on their mortgage is 4.7%, which is lower than Rochester Metro at 8.3%.

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Relative ZHVI
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Penfield Market Overview

Data through Apr 30, 2015
  • $178,600 ZHVI
  • 0.8% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $159,802 Median sale price
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Penfield Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 4.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.5 homes Penfield
3.5 homes Rochester Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Town of Pittsford $244,500
Mendon $238,500
Perinton $180,700
Name Median ZHVI
Town of Webster $166,300
Fairport $162,800
Brighton $161,500
Name Median ZHVI
Irondequoit $107,800
East Rochester $86,500
Rochester $60,600

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $104 Median sale price / sq ft
  • No data Listings with price cut
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Penfield Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,712 Penfield
    $1,408 Rochester Metro
    $1,364 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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