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

$479,500

  • -2.4% 1-year change
  • -0.5% 1-year forecast

The median home value in Town of Essex is $479,500. Town of Essex home values have declined -2.4% over the past year and Zillow predicts they will fall -0.5% within the next year. The median rent price in Town of Essex is $1,050, which is lower than the Boston Metro median of $2,395.

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 3.5

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 3.8%, which is lower than the national value of 6.0%. 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 Town of Essex homeowners underwater on their mortgage is 5.3%, which is lower than Boston Metro at 8.5%.

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Relative ZHVI
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Town of Essex Market Overview

Data through May 31, 2015
  • $479,500 ZHVI
  • -0.5% 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
    (May 31, 2016)
  • No data Median listing price
  • No data Median sale price
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Town of Essex Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 5.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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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
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Town of Essex Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,222 Town of Essex
    $2,191 Boston Metro
    $1,367 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
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