Home Values

02043 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

$657,800

  • 2.6% 1-year change
  • 1.4% 1-year forecast

The median home value in 02043 is $657,800. 02043 home values have gone up 2.6% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in 02043 is $364, which is the same as the Town of Hingham average of $364. The median price of homes currently listed in 02043 is $850,000 while the median price of homes that sold is $665,150. The median rent price in 02043 is $2,317, which is the same as the Town of Hingham median of $2,317.

Foreclosures will be a factor impacting home values in the next several years. In 02043 0.8 homes are foreclosed (per 10,000). This is the same as the Town of Hingham value of 0.8 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 02043 is 2.7%, which is lower 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 02043 homeowners underwater on their mortgage is 5.5%, which is the same as Town of Hingham at 5.5%.

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Relative ZHVI
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02043 Market Overview

Data through Dec 31, 2014
  • $657,800 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
    (Dec 31, 2015)
  • $850,000 Median listing price
  • No recent data Median sale price
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02043 Market Health

Data through Dec 31, 2014
  • 6.9/10 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
  • 5.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
02025 $777,100
02061 $546,500
02339 $419,600
Name Median ZHVI
02045 $348,500
02190 $325,200
02188 $316,600
Name Median ZHVI
02191 $305,800
02189 $294,700
02370 $254,900

Listings & Sales

Data through Dec 31, 2014
  • $364 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 19.9% Listings with price cut
7.5%
Sold below listing
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02043 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,536 02043
    $2,535 Town of Hingham
    $1,345 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,317 Rent list price
  • $1.90 Rent list price / sq ft
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