West Orange 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

$350,700

  • 4.0% 1-year change
  • 1.7% 1-year forecast

The median home value in West Orange is $350,700. West Orange home values have gone up 4.0% over the past year and Zillow predicts they will rise 1.7% within the next year. The median rent price in West Orange is $2,800, which is lower than the New York Metro median of $2,920.

Foreclosures will be a factor impacting home values in the next several years. In West Orange 0.9 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.9 and also lower than the national value of 3.6

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 Orange is 17.6%, which is higher than the national value of 6.0%. 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 Orange homeowners underwater on their mortgage is 16.3%, which is higher than New York Metro at 12.4%.

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Relative ZHVI
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West Orange Market Overview

Data through Jul 31, 2015
  • $350,700 ZHVI
  • 1.7% 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
  • $351,050 Median sale price (Jun 30, 2015)
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West Orange Market Health

Data through Jul 31, 2015
  • 2.3/10 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
  • 16.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 17.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1(Jun 30, 2015) West Orange
2 New York Metro
4 United States
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Nearby Cities

Name Median ZHVI
Essex Fells $814,300
Glen Ridge $525,700
Roseland $506,800
Name Median ZHVI
South Orange $490,800
Maplewood $440,500
Caldwell $416,300
Name Median ZHVI
Verona $392,100
Orange $177,700
East Orange $173,300

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $196 Median sale price / sq ft
  • No data Listings with price cut
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West Orange Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,291 West Orange
    $2,361 New York Metro
    $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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,800 Rent list price
  • $1.61 Rent list price / sq ft
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