06040 Housing Market

$331,625

2.8% 1-yr

The average 06040 home value is $331,625, up 2.8% over the past year and goes to pending in around 6 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

06040 Key Takeaways

Typical Home Values: $331,625

1-year Value Change: +2.8%

(Data through August 31, 2025)

06040 Housing Market Overview

3.4%1-year Market Forecast(August 31, 2025)

57For sale inventory(August 31, 2025)

35New listings(August 31, 2025)

1.057Median sale to list ratio(July 31, 2025)

$339,333Median sale price(July 31, 2025)

$332,433Median list price(August 31, 2025)

76.1%Percent of sales over list price(July 31, 2025)

19.7%Percent of sales under list price(July 31, 2025)

6Median days to pending(August 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
06042$312,024
06041--
06033$522,059
06043$447,088
06118$310,768
06108$285,777
06074$429,695
06066$336,028
06073$640,486

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06040 Rental Market Trends

$1,747Average rent in 06040(August 31, 2025)

$2,007National average rent(August 31, 2025)

1.1%Month-over-month change(August 31, 2025)

4.2%Year-over-year change(August 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.