Home Values

08872 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

$291,800

  • 17.1% 1-year change
  • 5.9% 1-year forecast

The median home value in 08872 is $291,800. 08872 home values have gone up 17.1% over the past year and Zillow predicts they will rise 5.9% within the next year. The median price of homes currently listed in 08872 is $279,900 while the median price of homes that sold is $239,950. The median rent price in 08872 is $1,700, which is the same as the Sayreville median of $1,700.

Foreclosures will be a factor impacting home values in the next several years. In 08872 1.1 homes are foreclosed (per 10,000). This is greater than the Sayreville value of 1.0 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 08872 is 16.0%, 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 08872 homeowners underwater on their mortgage is 14.5%, which is the same as Sayreville at 14.5%.

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Relative ZHVI
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08872 Market Overview

Data through Nov 30, 2014
  • $291,800 ZHVI
  • 5.9% 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)
  • $279,900 Median listing price
  • $239,950 Median sale price (Oct 31, 2014)
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08872 Market Health

Data through Nov 30, 2014
  • 5.0/10 Stable
    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
  • 14.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 16.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes 08872
1 home Sayreville
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
08840 $376,000
08816 $344,600
08857 $320,600
Name Median ZHVI
08837 $291,100
08859 $285,300
08817 $275,200
Name Median ZHVI
08863 $260,900
08879 $255,000
08882 $246,000

Listings & Sales

Data through Nov 30, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
32.1%
Sold below listing
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08872 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,038 08872
    $2,051 Sayreville
    $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

  • 2.0 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
  • No data Rent list price / sq ft
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