Town of New Paltz Home Prices & Values

$245,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1% 1-year change
  • 1.4% 1-year forecast

The median home value in Town of New Paltz is $245,900. Town of New Paltz home values have gone up 1.1% over the past year and Zillow predicts they will rise 1.4% 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 $140. The median price of homes currently listed in Town of New Paltz is $289,999 while the median price of homes that sold is $215,000.

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 4.4

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 Jul 31, 2014
  • $245,900 ZHVI
  • 1.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $289,999 Median listing price
  • No recent data Median sale price
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Town of New Paltz Market Health

Data through Jul 31, 2014
  • 4.1/10 Less healthy What's This?  
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    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 Town of New Paltz
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Gardiner $271,100 Marbletown $228,000 Lloyd $221,700
Stone Ridge $210,300 Milton $207,900 Town of Plattekill $200,000
Highland $179,200 Tillson $176,600 Wallkill $170,800

Listings & Sales

Data through Jul 31, 2014
  • $178 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.0% Listings with price cut
61.5%
Sold below listing
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Town of New Paltz Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,810 Town of New Paltz
$1,572 Kingston Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $1.26 Rent list price / sq ft
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