06877 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

$618,600

  • 3.0% 1-year change
  • 1.9% 1-year forecast

The median home value in 06877 is $618,600. 06877 home values have gone up 3.0% over the past year and Zillow predicts they will rise 1.9% within the next year. The median rent price in 06877 is $2,798, which is lower than the Ridgefield median of $2,848.

Foreclosures will be a factor impacting home values in the next several years. In 06877 4.8 homes are foreclosed (per 10,000). This is lower than the Ridgefield value of 4.9 and also greater than the national value of 3.6

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 06877 homeowners underwater on their mortgage is 8.8%, which is higher than Ridgefield at 8.6%.

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Relative ZHVI
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06877 Market Overview

Data through Jul 31, 2015
  • $618,600 ZHVI
  • 1.9% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $634,575 Median sale price
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06877 Market Health

Data through Jul 31, 2015
  • 4.4/10 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
  • 8.8% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

5 06877
5 Ridgefield
4 United States
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Nearby Zip Codes

Name Median ZHVI
10576 $832,300
06897 $721,400
10590 $627,500
Name Median ZHVI
10518 $570,100
10560 $523,700
06896 $508,700
Name Median ZHVI
06801 $279,600
06811 $267,200
06810 $212,700

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $277 Median sale price / sq ft
  • No data Listings with price cut
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06877 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $3,222 06877
    $3,244 Ridgefield
    $1,376 United States

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

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,798 Rent list price
  • $1.58 Rent list price / sq ft
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