Home Values

Town of Norfolk 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

$69,500

  • -4.8% 1-year change
  • None 1-year forecast

The median home value in Town of Norfolk is $69,500. Town of Norfolk home values have declined -4.8% over the past year.

Foreclosures will be a factor impacting home values in the next several years. In Town of Norfolk 18.6 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

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 Norfolk is 2.8%, which is lower than the national value of 6.0%. 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 Norfolk homeowners underwater on their mortgage is 14.2%.

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Relative ZHVI
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Town of Norfolk Market Overview

Data through May 31, 2015
  • $69,500 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No data Median sale price
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Town of Norfolk Market Health

Data through May 31, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 14.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Pierrepont $116,800
Town of Waddington $103,000
Town of Canton $99,500
Name Median ZHVI
Louisville $90,000
Town of Potsdam $87,100
Parishville $80,000
Name Median ZHVI
Stockholm $74,400
Town of Massena $69,000
Norwood $64,100

Listings & Sales

  • No data
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Town of Norfolk Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,329 Town of Norfolk
    $1,342 Ogdensburg Metro
    $1,367 United States

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

  • 0.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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