Home Values

02907 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

$127,800

  • 14.8% 1-year change
  • 5.0% 1-year forecast

The median home value in 02907 is $127,800. 02907 home values have gone up 14.8% over the past year and Zillow predicts they will rise 5.0% within the next year. The median list price per square foot in 02907 is $86, which is lower than the Providence average of $136. The median price of homes currently listed in 02907 is $125,000 while the median price of homes that sold is $224,038. The median rent price in 02907 is $925, which is lower than the Providence median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In 02907 23.2 homes are foreclosed (per 10,000). This is greater than the Providence value of 14.3 and also greater than the national value of 4.5

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 02907 is 14.3%, 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 02907 homeowners underwater on their mortgage is 41.7%, which is higher than Providence at 35.1%.

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Relative ZHVI
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02907 Market Overview

Data through Oct 31, 2014
  • $127,800 ZHVI
  • 5.0% 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
    (Oct 31, 2015)
  • $125,000 Median listing price
  • No recent data Median sale price
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02907 Market Health

Data through Oct 31, 2014
  • 3.4/10 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
  • 41.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

23.2 homes 02907
14.3 homes Providence
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
02906 $396,100
02920 $192,500
02903 $171,300
Name Median ZHVI
02914 $170,800
02888 $167,500
02905 $161,100
Name Median ZHVI
02910 $156,200
02908 $143,000
02909 $122,000

Listings & Sales

Data through Oct 31, 2014
  • $86 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 44.4% Listings with price cut
46.2%
Sold below listing
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02907 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,353 02907
    $1,394 Providence
    $1,337 United States

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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $925 Rent list price
  • No data Rent list price / sq ft
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