Home Values

Town of Phelps 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

$118,200

  • 4.2% 1-year change
  • None 1-year forecast

The median home value in Town of Phelps is $118,200. Town of Phelps home values have gone up 4.2% over the past year. The median list price per square foot in Town of Phelps is $55, which is lower than the Rochester Metro average of $86. The median price of homes currently listed in Town of Phelps is $119,900 while the median price of homes that sold is $115,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Phelps 4.4 homes are foreclosed (per 10,000). This is greater than the Rochester Metro value of 3.1 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 Town of Phelps is 9.4%, 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 Phelps homeowners underwater on their mortgage is 8.6%, which is higher than Rochester Metro at 7.7%.

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Relative ZHVI
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Town of Phelps Market Overview

Data through Dec 31, 2014
  • $118,200 ZHVI
  • No data 1-yr forecast
  • $119,900 Median listing price (Nov 30, 2014)
  • No recent data Median sale price
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Town of Phelps Market Health

Data through Dec 31, 2014
  • 6.5/10 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
  • 8.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.4 homes(Oct 31, 2013) Town of Phelps
3.1 homes Rochester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Waterloo $73,100
 
 

Listings & Sales

Data through Dec 31, 2014
  • $55 Median list price / sq ft (Nov 30, 2014)
  • No recent data Median sale price / sq ft
  • 10.3% Listings with price cut
18.2%
Sold below listing
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Town of Phelps Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,479 Town of Phelps
    $1,404 Rochester Metro
    $1,345 United States

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

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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