Home Values

12550 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

$172,400

  • -3.9% 1-year change
  • -0.3% 1-year forecast

The median home value in 12550 is $172,400. 12550 home values have declined -3.9% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in 12550 is $130, which is higher than the Town of Newburgh average of $127. The median price of homes currently listed in 12550 is $219,000 while the median price of homes that sold is $178,809. The median rent price in 12550 is $1,200.

Foreclosures will be a factor impacting home values in the next several years. In 12550 6.2 homes are foreclosed (per 10,000). This is greater than the Town of Newburgh value of 6.0 and also greater 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 12550 is 15.4%, 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 12550 homeowners underwater on their mortgage is 37.9%, which is the same as Town of Newburgh at 37.9%.

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Relative ZHVI
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12550 Market Overview

Data through Sep 30, 2014
  • $172,400 ZHVI
  • -0.3% 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)
  • $219,000 Median listing price
  • $178,809 Median sale price
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12550 Market Health

Data through Sep 30, 2014
  • 0.0/10 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
  • 37.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 15.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.2 homes 12550
6 homes Town of Newburgh
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
12575 $259,000
12520 $250,600
12518 $246,600
Name Median ZHVI
12577 $245,500
12547 $215,400
12508 $215,000
Name Median ZHVI
12542 $201,200
12553 $191,900
12586 $182,300

Listings & Sales

Data through Sep 30, 2014
  • $130 Median list price / sq ft
  • $122 Median sale price / sq ft
  • 39.1% Listings with price cut
36.7%
Sold below listing
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12550 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,649 12550
    $1,649 Town of Newburgh
    $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

  • 3.2 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
  • $1.14 Rent list price / sq ft
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