Home Values

Prospect 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

$259,300

  • -1.9% 1-year change
  • -1.0% 1-year forecast

The median home value in Prospect is $259,300. Prospect home values have declined -1.9% over the past year and Zillow predicts they will fall -1.0% within the next year. The median list price per square foot in Prospect is None.

Foreclosures will be a factor impacting home values in the next several years. In Prospect 2.7 homes are foreclosed (per 10,000). This is lower than the New Haven Metro value of 3.5 and also lower than the national value of 3.5

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 Prospect is 7.5%, which is higher than the national value of 6.0%. 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 Prospect homeowners underwater on their mortgage is 11.7%, which is lower than New Haven Metro at 20.4%.

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Relative ZHVI
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Prospect Market Overview

Data through May 31, 2015
  • $259,300 ZHVI
  • -1.0% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Prospect Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 11.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.5% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2.7 homes(Apr 30, 2015) Prospect
3.5 homes New Haven Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Woodbridge $379,400
Bethany $331,000
Cheshire $268,700
Name Median ZHVI
Beacon Falls $225,100
Wolcott $202,800
Hamden $193,400
Name Median ZHVI
Oakville $168,700
Naugatuck $159,800
Waterbury $104,500

Listings & Sales

  • No data
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Prospect Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,754 Prospect
    $1,664 New Haven Metro
    $1,367 United States

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

  • 3.6 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 data Rent list price
  • No data Rent list price / sq ft
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