Home Values

Town of New Paltz 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

$255,600

  • 4.8% 1-year change
  • 4.0% 1-year forecast

The median home value in Town of New Paltz is $255,600. Town of New Paltz home values have gone up 4.8% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Town of New Paltz is $178, which is higher than the Kingston Metro average of $139. The median price of homes currently listed in Town of New Paltz is $290,000 while the median price of homes that sold is $265,000. The median rent price in Town of New Paltz is $1,200, which is lower than the Kingston Metro median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In Town of New Paltz 1.9 homes are foreclosed (per 10,000). This is 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 Town of New Paltz is 8.4%, which is higher than the national value of 6.9%. 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 New Paltz homeowners underwater on their mortgage is 16.3%.

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Relative ZHVI
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Town of New Paltz Market Overview

Data through Sep 30, 2014
  • $255,600 ZHVI
  • 4.0% 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
    (Sep 30, 2015)
  • $290,000 Median listing price
  • $265,000 Median sale price (Aug 31, 2014)
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Town of New Paltz Market Health

Data through Sep 30, 2014
  • 3.6/10 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.
  • No data Average days on Zillow
  • 16.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.9 homes(Aug 31, 2014) Town of New Paltz
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Gardiner $272,600
Marbletown $251,700
Lloyd $235,300
Name Median ZHVI
Stone Ridge $226,000
Milton $211,100
Town of Plattekill $208,800
Name Median ZHVI
Tillson $184,500
Highland $184,100
Wallkill $127,200

Listings & Sales

Data through Sep 30, 2014
  • $178 Median list price / sq ft
  • $167 Median sale price / sq ft (Aug 31, 2014)
  • 32.3% Listings with price cut
28.9%
Sold below listing
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Town of New Paltz Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,798 Town of New Paltz
    $1,669 Kingston Metro
    $1,335 United States

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

  • 6.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price (Aug 31, 2014)
  • No recent data Rent list price / sq ft
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