Home Values

01985 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

$499,600

  • 5.3% 1-year change
  • 0.2% 1-year forecast

The median home value in 01985 is $499,600. 01985 home values have gone up 5.3% over the past year and Zillow predicts they will rise 0.2% within the next year. The median price of homes currently listed in 01985 is $619,500. The median rent price in 01985 is $1,000, which is the same as the West Newbury median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In 01985 4.4 homes are foreclosed (per 10,000). This is the same as the West Newbury value of 4.4 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 01985 is 10.0%, which is higher than the national value of 6.9%. 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 01985 homeowners underwater on their mortgage is 4.1%, which is the same as West Newbury at 4.1%.

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Relative ZHVI
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01985 Market Overview

Data through Sep 30, 2014
  • $499,600 ZHVI
  • 0.2% 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
    (Sep 30, 2015)
  • $619,500 Median listing price
  • No data Median sale price
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01985 Market Health

Data through Sep 30, 2014
  • 4.1/10 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
  • 4.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
01922 $432,300
01950 $428,700
01833 $409,600
Name Median ZHVI
01969 $407,100
01834 $352,500
01860 $333,500
Name Median ZHVI
01913 $286,200
03858 $267,300
01830 $247,700

Listings & Sales

Data through Sep 30, 2014
  • $207 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 47.1% Listings with price cut
49.6%
Sold below listing
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01985 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,416 01985
    $2,417 West Newbury
    $1,335 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
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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