Home Values

02145 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

$407,000

  • 9.1% 1-year change
  • 4.3% 1-year forecast

The median home value in 02145 is $407,000. 02145 home values have gone up 9.1% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in 02145 is None. The median rent price in 02145 is $2,100, which is lower than the Somerville median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 02145 4.6 homes are foreclosed (per 10,000). This is greater than the Somerville value of 1.6 and also greater than the national value of 3.0

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 02145 homeowners underwater on their mortgage is 9.1%, which is higher than Somerville at 7.5%.

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Relative ZHVI
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02145 Market Overview

Data through Mar 31, 2015
  • $407,000 ZHVI
  • 4.3% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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02145 Market Health

Data through Mar 31, 2015
  • 9.9/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 9.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
02142 $745,200
02129 $560,900
02114 $558,500
Name Median ZHVI
02144 $548,300
02139 $545,200
02141 $506,300
Name Median ZHVI
02143 $465,600
02155 $395,600
02149 $267,800

Listings & Sales

  • No data
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02145 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $2,384 02145
    $2,490 Somerville
    $1,362 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,100 Rent list price
  • $2.19 Rent list price / sq ft
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