Home Values

South Ironbound 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

$279,600

  • 2.2% 1-year change
  • 1.0% 1-year forecast

The median home value in South Ironbound is $279,600. South Ironbound home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.0% within the next year. The median price of homes currently listed in South Ironbound is $160,000 while the median price of homes that sold is $443,823. The median rent price in South Ironbound is $1,900, which is higher than the Newark median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In South Ironbound 12.9 homes are foreclosed (per 10,000). This is lower than the Newark value of 91.7 and also greater than the national value of 4.3

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Relative ZHVI
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South Ironbound Market Overview

Data through Aug 31, 2014
  • $279,600 ZHVI
  • 1.0% 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
    (Aug 31, 2015)
  • $160,000 Median listing price
  • No recent data Median sale price
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South Ironbound Market Health

Data through Aug 31, 2014
  • 3.1/10 Less 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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

12.9 homes(May 31, 2011) South Ironbound
91.7 homes Newark
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
North Ironbound $254,700
South Broad Street $217,600
Upper Clinton Hill $194,100
Name Median ZHVI
Fairmuont $174,300
Seventh Avenue $169,200
West Side $165,800
Name Median ZHVI
Mount Pleasant $158,300
Springfield-Belmont $151,400
University Heights $145,600

Listings & Sales

Data through Aug 31, 2014
  • $111 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 6.7% Listings with price cut
23.4%
Sold below listing
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South Ironbound Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,544 South Ironbound
    $1,489 Newark
    $1,328 United States

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

  • 5.5 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 recent data Rent list price
  • No data Rent list price / sq ft
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