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

$273,700

  • 11.8% 1-year change
  • 7.2% 1-year forecast

The median home value in Town of New Paltz is $273,700. Town of New Paltz home values have gone up 11.8% over the past year and Zillow predicts they will rise 7.2% within the next year. The median list price per square foot in Town of New Paltz is $176, which is higher than the Kingston Metro average of $136. The median price of homes currently listed in Town of New Paltz is $285,000 while the median price of homes that sold is $241,735. The median rent price in Town of New Paltz is $1,200, which is lower than the Kingston Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Town of New Paltz 3.3 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 11.1%, which is higher 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 Town of New Paltz homeowners underwater on their mortgage is 12.2%.

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Relative ZHVI
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Town of New Paltz Market Overview

Data through Jan 31, 2015
  • $273,700 ZHVI
  • 7.2% 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
    (Jan 31, 2016)
  • $285,000 Median listing price
  • No recent data Median sale price
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Town of New Paltz Market Health

Data through Jan 31, 2015
  • 8.2/10 Very 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 12.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Town of New Paltz
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Gardiner $291,600
Marbletown $273,100
Lloyd $245,700
Name Median ZHVI
Stone Ridge $243,600
Milton $218,400
Town of Plattekill $217,300
Name Median ZHVI
Marlboro $210,600
Highland $191,700
Tillson $189,800

Listings & Sales

Data through Jan 31, 2015
  • $176 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
33.9%
Sold below listing
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Town of New Paltz Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,654 Town of New Paltz
    $1,515 Kingston Metro
    $1,350 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)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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