Home Values

12303 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

$166,000

  • 0.6% 1-year change
  • 0.0% 1-year forecast

The median home value in 12303 is $166,000. 12303 home values have gone up 0.6% over the past year and Zillow predicts they will rise 0.0% within the next year. The median list price per square foot in 12303 is $113, which is higher than the Schenectady average of $65. The median price of homes currently listed in 12303 is $164,000 while the median price of homes that sold is $155,565. The median rent price in 12303 is $1,250, which is higher than the Schenectady median of $910.

Foreclosures will be a factor impacting home values in the next several years. In 12303 2.2 homes are foreclosed (per 10,000). This is lower than the Schenectady value of 7.0 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 12303 is 9.1%, 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 12303 homeowners underwater on their mortgage is 15.7%, which is lower than Schenectady at 23.6%.

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Relative ZHVI
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12303 Market Overview

Data through Jan 31, 2015
  • $166,000 ZHVI
  • 0.0% 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
    (Jan 31, 2016)
  • $164,000 Median listing price
  • $155,565 Median sale price (Dec 31, 2014)
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12303 Market Health

Data through Jan 31, 2015
  • 3.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 15.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes 12303
7 homes Schenectady
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
12159 $324,800
12148 $313,400
12084 $243,400
Name Median ZHVI
12309 $219,500
12203 $176,000
12205 $174,900
Name Median ZHVI
12304 $109,900
12308 $109,200
 

Listings & Sales

Data through Jan 31, 2015
  • $113 Median list price / sq ft
  • $114 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
16.4%
Sold below listing
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12303 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,478 12303
    $1,294 Schenectady
    $1,350 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $0.90 Rent list price / sq ft (Nov 30, 2014)
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