Home Values

Town of Essex 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

$483,600

  • -2.2% 1-year change
  • 1.4% 1-year forecast

The median home value in Town of Essex is $483,600. Town of Essex home values have declined -2.2% over the past year and Zillow predicts they will rise 1.4% within the next year. The median rent price in Town of Essex is $1,050, which is lower than the Boston Metro median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Town of Essex 7.0 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Town of Essex is 5.0%, which is lower than the national value of 6.3%. 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 Town of Essex homeowners underwater on their mortgage is 5.1%, which is lower than Boston Metro at 9.8%.

Read more
Relative ZHVI
- +

Town of Essex Market Overview

Data through Apr 30, 2015
  • $483,600 ZHVI
  • 1.4% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Essex Market Health

Data through Apr 30, 2015
  • 2.3/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 5.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Manchester $708,000
Marblehead $540,600
Wenham $506,400
Name Median ZHVI
Hamilton $474,000
Rockport $455,500
Town of Ipswich $407,700
Name Median ZHVI
Town of Rowley $394,800
Gloucester $361,800
Beverly $359,800

Listings & Sales

  • No data
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Essex Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,243 Town of Essex
    $2,184 Boston Metro
    $1,364 United States

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

  • 4.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading