Home Values

03835 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

$167,500

  • 6.5% 1-year change
  • 2.2% 1-year forecast

The median home value in 03835 is $167,500. 03835 home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in 03835 is $112, which is lower than the Town of Farmington average of $113. The median price of homes currently listed in 03835 is $150,000 while the median price of homes that sold is $186,308. The median rent price in 03835 is $900, which is lower than the Town of Farmington median of $950.

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 03835 homeowners underwater on their mortgage is 24.0%, which is higher than Town of Farmington at 23.4%.

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Relative ZHVI
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03835 Market Overview

Data through Feb 28, 2015
  • $167,500 ZHVI
  • 2.2% 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
    (Feb 29, 2016)
  • $150,000 Median listing price
  • No recent data Median sale price
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03835 Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 24.0% 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
03825 $225,500
03855 $223,100
03884 $219,800
Name Median ZHVI
03851 $175,500
03887 $171,700
03225 $153,400
Name Median ZHVI
03839 $150,900
03868 $145,500
03867 $140,600

Listings & Sales

Data through Feb 28, 2015
  • $112 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.5% Listings with price cut
36.4%
Sold below listing
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03835 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,401 03835
    $1,395 Town of Farmington
    $1,355 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price (Jan 31, 2015)
  • No recent data Rent list price / sq ft
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