18505 Home Prices & Values

$81,700 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

  • -3.9% 1-year change
  • -0.8% 1-year forecast

The median home value in 18505 is $81,700. 18505 home values have declined -3.9% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in 18505 is $59, which is lower than the Dunmore average of $85. The median price of homes currently listed in 18505 is $94,000 while the median price of homes that sold is $61,500. The median rent price in 18505 is $700, which is the same as the Dunmore median of $700.

Foreclosures will be a factor impacting home values in the next several years. In 18505 9.6 homes are foreclosed (per 10,000). This is greater than the Dunmore value of 3.1 and also greater than the national value of 4.4

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 18505 is 6.4%, which is lower than the national value of 7.2%. 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 18505 homeowners underwater on their mortgage is 28.2%, which is higher than Dunmore at 23.2%.

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Relative ZHVI
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18505 Market Overview

Data through Jul 31, 2014
  • $81,700 ZHVI
  • -0.8% 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

    (Jul 31, 2015)
  • $94,000 Median listing price
  • $61,500 Median sale price (May 31, 2014)
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18505 Market Health

Data through Jul 31, 2014
  • 0.1/10 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 of days on Zillow
  • 28.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

9.6 homes 18505
3.1 homes Dunmore
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
18507 $115,100 18452 $111,400 18518 $101,600
18509 $100,800 18512 $100,200 18510 $97,800
18519 $84,000 18504 $78,500  

Listings & Sales

Data through Jul 31, 2014
  • $59 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.9% Listings with price cut
21.1%
Sold below listing
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18505 Rentals

Data through Jul 31, 2014
  • No data Breakeven horizon
  • $700 Rent list price (Jun 30, 2014)
  • No data Rent list price / sq ft
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