Home Values

12866 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

$310,900

  • 5.2% 1-year change
  • 3.7% 1-year forecast

The median home value in 12866 is $310,900. 12866 home values have gone up 5.2% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in 12866 is $189, which is higher than the Saratoga Springs average of $188. The median price of homes currently listed in 12866 is $399,000 while the median price of homes that sold is $327,750. The median rent price in 12866 is $1,700, which is the same as the Saratoga Springs median of $1,700.

Foreclosures will be a factor impacting home values in the next several years. In 12866 1.4 homes are foreclosed (per 10,000). This is the same as the Saratoga Springs value of 1.4 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 12866 is 5.8%, which is lower 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 12866 homeowners underwater on their mortgage is 8.3%, which is the same as Saratoga Springs at 8.3%.

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Relative ZHVI
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12866 Market Overview

Data through Dec 31, 2014
  • $310,900 ZHVI
  • 3.7% 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
    (Dec 31, 2015)
  • $399,000 Median listing price
  • $327,750 Median sale price
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12866 Market Health

Data through Dec 31, 2014
  • 7.7/10 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
  • 8.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes 12866
1.4 homes Saratoga Springs
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
12019 $256,700
12831 $235,200
12118 $224,100
Name Median ZHVI
12833 $223,000
12859 $222,100
12020 $218,700
Name Median ZHVI
12170 $190,200
12871 $171,100
12154 $163,300

Listings & Sales

Data through Dec 31, 2014
  • $189 Median list price / sq ft
  • $182 Median sale price / sq ft
  • 14.1% Listings with price cut
17.7%
Sold below listing
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12866 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,215 12866
    $2,206 Saratoga Springs
    $1,345 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,700 Rent list price
  • $1.14 Rent list price / sq ft
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