Home Values

06340 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

$192,200

  • 1.4% 1-year change
  • -0.8% 1-year forecast

The median home value in 06340 is $192,200. 06340 home values have gone up 1.4% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in 06340 is $149, which is higher than the Poquonock Bridge average of $135. The median price of homes currently listed in 06340 is $218,000 while the median price of homes that sold is $172,885. The median rent price in 06340 is $1,250.

Foreclosures will be a factor impacting home values in the next several years. In 06340 1.1 homes are foreclosed (per 10,000). This is lower than the Poquonock Bridge value of 65.7 and also lower than the national value of 4.2

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 06340 is 6.8%, which is higher than the national value of 6.4%. 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 06340 homeowners underwater on their mortgage is 27.7%.

Read more
Relative ZHVI
- +

06340 Market Overview

Data through Nov 30, 2014
  • $192,200 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
    (Nov 30, 2015)
  • $218,000 Median listing price
  • $172,885 Median sale price (Oct 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

06340 Market Health

Data through Nov 30, 2014
  • 0.7/10 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
  • 27.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes 06340
65.7 homes(Nov 30, 2012) Poquonock Bridge
4.2 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI
06378 $375,900
06355 $271,600
06385 $224,300
Name Median ZHVI
06335 $211,800
06365 $206,000
06375 $203,100
Name Median ZHVI
06339 $201,300
06382 $161,600
06320 $139,000

Listings & Sales

Data through Nov 30, 2014
  • $149 Median list price / sq ft
  • $143 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
50.7%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

06340 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,424 06340
    $1,342 United States

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

  • 4.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.13 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading