Home Values

08091 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

$160,100

  • 2.5% 1-year change
  • 2.6% 1-year forecast

The median home value in 08091 is $160,100. 08091 home values have gone up 2.5% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in 08091 is $103, which is lower than the Berlin Township average of $112. The median price of homes currently listed in 08091 is $164,362 while the median price of homes that sold is $177,500.

Foreclosures will be a factor impacting home values in the next several years. In 08091 7.1 homes are foreclosed (per 10,000). This is greater than the Berlin Township value of 6.0 and also greater than the national value of 4.5

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 08091 is 13.9%, 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 08091 homeowners underwater on their mortgage is 31.0%, which is higher than Berlin Township at 26.3%.

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Relative ZHVI
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08091 Market Overview

Data through Oct 31, 2014
  • $160,100 ZHVI
  • 2.6% 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
    (Oct 31, 2015)
  • $164,362 Median listing price
  • No recent data Median sale price
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08091 Market Health

Data through Oct 31, 2014
  • 2.0/10 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
  • 31.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.1 homes 08091
6 homes Berlin Township
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
08003 $280,600
08043 $270,300
08053 $253,000
Name Median ZHVI
08009 $201,800
08026 $188,600
08081 $173,500
Name Median ZHVI
08004 $169,200
08084 $162,700
08021 $122,000

Listings & Sales

Data through Oct 31, 2014
  • $103 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 63.2% Listings with price cut
7.1%
Sold below listing
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08091 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,483 08091
    $1,619 Berlin Township
    $1,337 United States

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

  • 1.9 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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