Home Values

Verona 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

$105,900

  • 7.7% 1-year change
  • 5.3% 1-year forecast

The median home value in Verona is $105,900. Verona home values have gone up 7.7% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in Verona is $91, which is higher than the Utica Metro average of $81. The median price of homes currently listed in Verona is $142,000 while the median price of homes that sold is $108,000.

Foreclosures will be a factor impacting home values in the next several years. In Verona 4.3 homes are foreclosed (per 10,000). This is greater than the Utica Metro value of 3.7 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 Verona is 3.1%, which is lower 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 Verona homeowners underwater on their mortgage is 11.8%, which is lower than Utica Metro at 14.0%.

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Relative ZHVI
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Verona Market Overview

Data through Jan 31, 2015
  • $105,900 ZHVI
  • 5.3% 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
    (Jan 31, 2016)
  • $142,000 Median listing price
  • No recent data Median sale price
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Verona Market Health

Data through Jan 31, 2015
  • 5.2/10 Stable
    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
  • 11.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.3 homes(Oct 31, 2014) Verona
3.7 homes Utica Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Westmoreland $127,600
Sherrill $127,300
Vienna $126,200
Name Median ZHVI
Town of Vernon $124,600
Lenox $119,900
Lincoln $112,400
Name Median ZHVI
Oneida $98,200
Canastota $89,100
Rome $85,400

Listings & Sales

Data through Jan 31, 2015
  • $91 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
27.3%
Sold below listing
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Verona Rentals

Data through Jan 31, 2015
  • 1.1 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 data Rent list price
  • No data Rent list price / sq ft
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