Home Values

08077 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

$245,700

  • 3.7% 1-year change
  • 2.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 08077 is $245,700. 08077 home values have gone up 3.7% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 08077 is $133, which is higher than the Cinnaminson average of $132. The median price of homes currently listed in 08077 is $250,000 while the median price of homes that sold is $254,550. The median rent price in 08077 is $1,440, which is lower than the Cinnaminson median of $1,490.

Foreclosures will be a factor impacting home values in the next several years. In 08077 0.9 homes are foreclosed (per 10,000). This is lower than the Cinnaminson value of 1.0 and also lower 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 08077 is 11.2%, 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 08077 homeowners underwater on their mortgage is 14.9%, which is the same as Cinnaminson at 14.9%.

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Relative ZHVI
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08077 Market Overview

Data through Sep 30, 2014
  • $245,700 ZHVI
  • 2.1% 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)
  • $250,000 Median listing price
  • $254,550 Median sale price
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08077 Market Health

Data through Sep 30, 2014
  • 7.0/10 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
  • 14.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes 08077
1 home(Jun 30, 2014) Cinnaminson
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
08057 $427,000
08075 $195,500
19114 $171,800
Name Median ZHVI
08052 $167,400
08109 $152,100
08065 $151,800
Name Median ZHVI
19136 $120,400
08110 $119,400
19135 $95,800

Listings & Sales

Data through Sep 30, 2014
  • $133 Median list price / sq ft
  • $127 Median sale price / sq ft
  • 52.8% Listings with price cut
19.3%
Sold below listing
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08077 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,808 08077
    $1,820 Cinnaminson
    $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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,440 Rent list price
  • $1.24 Rent list price / sq ft
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