Cumru Township Home Prices & Values

$162,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0% 1-year change
  • 2.4% 1-year forecast

The median home value in Cumru Township is $162,100. Cumru Township home values have gone up 2.0% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Cumru Township is $106, which is higher than the Reading Metro average of $96. The median price of homes currently listed in Cumru Township is $204,000 while the median price of homes that sold is $169,669. The median rent price in Cumru Township is $925, which is the same as the Reading Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In Cumru Township 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 Cumru Township is 4.9%, which is lower 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 Cumru Township homeowners underwater on their mortgage is 19.3%.

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Relative ZHVI
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Cumru Township Market Overview

Data through Aug 31, 2014
  • $162,100 ZHVI
  • 2.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $204,000 Median listing price
  • $169,669 Median sale price (Jul 31, 2014)
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Cumru Township Market Health

Data through Aug 31, 2014
  • 4.4/10 Less healthy What's This?  
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    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
  • 19.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes(Jul 31, 2014) Cumru Township
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Brecknock Township $229,700 Wyomissing $216,300 Shillington $144,700
Flying Hills $144,000 Mohnton $142,600 West Wyomissing $131,700
Kenhorst $125,900 West Reading $104,900 Reading $58,200

Listings & Sales

Data through Aug 31, 2014
  • $106 Median list price / sq ft
  • $90 Median sale price / sq ft (Jul 31, 2014)
  • 46.2% Listings with price cut
28.1%
Sold below listing
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Cumru Township Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,312 Cumru Township
$1,247 Reading Metro
$1,328 United States
  • 2.5 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $925 Rent list price (Jul 31, 2014)
  • $0.95 Rent list price / sq ft (Jul 31, 2014)
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