Home Values

02770 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

$347,700

  • 5.0% 1-year change
  • 0.1% 1-year forecast

The median home value in 02770 is $347,700. 02770 home values have gone up 5.0% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in 02770 is $198, which is the same as the Rochester average of $198. The median price of homes currently listed in 02770 is $399,900 while the median price of homes that sold is $395,000.

Foreclosures will be a factor impacting home values in the next several years. In 02770 3.0 homes are foreclosed (per 10,000). This is the same as the Rochester value of 3.0 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 02770 is 5.6%, which is lower 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 02770 homeowners underwater on their mortgage is 9.5%, which is the same as Rochester at 9.5%.

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Relative ZHVI
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02770 Market Overview

Data through Sep 30, 2014
  • $347,700 ZHVI
  • 0.1% 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)
  • $399,900 Median listing price
  • $395,000 Median sale price (Aug 31, 2014)
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02770 Market Health

Data through Sep 30, 2014
  • 6.0/10 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
  • 9.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
02738 $433,200
02739 $397,900
02347 $310,600
Name Median ZHVI
02717 $281,200
02346 $268,100
02743 $250,200
Name Median ZHVI
02576 $235,900
02719 $235,600
02745 $197,000

Listings & Sales

Data through Sep 30, 2014
  • $198 Median list price / sq ft
  • $156 Median sale price / sq ft (Aug 31, 2014)
  • 39.1% Listings with price cut
41.7%
Sold below listing
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02770 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,835 02770
    $1,834 Rochester
    $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

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