Home Values

West Milford 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

$242,500

  • 2.6% 1-year change
  • 0.6% 1-year forecast

The median home value in West Milford is $242,500. West Milford home values have gone up 2.6% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in West Milford is None, which is lower than the West Milford average of $141. The median rent price in West Milford is $1,285.

Foreclosures will be a factor impacting home values in the next several years. In West Milford 1.1 homes are foreclosed (per 10,000). This is lower than the West Milford value of 13.2 and also lower than the national value of 3.0

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 West Milford is 12.3%, which is higher than the national value of 6.3%. 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 West Milford homeowners underwater on their mortgage is 25.7%, which is higher than West Milford at 11.6%.

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Relative ZHVI
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West Milford Market Overview

Data through Mar 31, 2015
  • $242,500 ZHVI
  • 0.6% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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West Milford Market Health

Data through Mar 31, 2015
  • 3.8/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 25.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 12.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes(Feb 28, 2015) West Milford
13.2 homes(Jan 31, 2015) West Milford
3 homes United States
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Nearby Cities

Name Median ZHVI
Kinnelon $518,300
Riverdale $315,800
Butler $309,100
Name Median ZHVI
Ringwood $305,600
Wanaque $302,600
Newfoundland $262,600
Name Median ZHVI
Pompton Lakes $255,100
Bloomingdale $252,200
Highland Lake $154,700

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $130 Median sale price / sq ft
  • No data Listings with price cut
39.8%
Sold below listing
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West Milford Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,716 West Milford
    $1,830 West Milford
    $1,362 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,285 Rent list price
  • $1.37 Rent list price / sq ft
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