Home Values

07458 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

$1,000,300

  • 16.4% 1-year change
  • 5.6% 1-year forecast

The median home value in 07458 is $1,000,300. 07458 home values have gone up 16.4% over the past year and Zillow predicts they will rise 5.6% within the next year. The median list price per square foot in 07458 is $373, which is lower than the Saddle River average of $429. The median price of homes currently listed in 07458 is $1,615,000 while the median price of homes that sold is $976,550.

Foreclosures will be a factor impacting home values in the next several years. In 07458 1.6 homes are foreclosed (per 10,000). This is lower than the Saddle River value of 5.1 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 07458 is 9.6%, 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 07458 homeowners underwater on their mortgage is 6.3%.

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Relative ZHVI
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07458 Market Overview

Data through Nov 30, 2014
  • $1,000,300 ZHVI
  • 5.6% 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)
  • $1,615,000 Median listing price
  • $976,550 Median sale price (Sep 30, 2014)
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07458 Market Health

Data through Nov 30, 2014
  • 9.0/10 Very 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
  • 6.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
07423 $721,000
07677 $699,300
07450 $656,200
Name Median ZHVI
07401 $635,200
07645 $541,600
07446 $509,300
Name Median ZHVI
07642 $505,400
07656 $477,300
07463 $412,600

Listings & Sales

Data through Nov 30, 2014
  • $373 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
22.9%
Sold below listing
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07458 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $4,047 07458
    $5,764 Saddle River
    $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

  • 2.7 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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