08863 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

$259,600

  • 1.5% 1-year change
  • 0.5% 1-year forecast

The median home value in 08863 is $259,600. 08863 home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.5% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In 08863 3.2 homes are foreclosed (per 10,000). This is the same as the Fords value of 3.2 and also lower than the national value of 3.6

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 08863 homeowners underwater on their mortgage is 19.2%, which is higher than Fords at 18.0%.

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Relative ZHVI
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08863 Market Overview

Data through Jul 31, 2015
  • $259,600 ZHVI
  • 0.5% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $245,000 Median sale price (Jun 30, 2015)
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08863 Market Health

Data through Jul 31, 2015
  • 2.3/10 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
  • 19.2% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

3(Jun 30, 2015) 08863
3(Jun 30, 2015) Fords
4 United States
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Nearby Zip Codes

Name Median ZHVI
08840 $343,300
07067 $304,200
08837 $266,600
Name Median ZHVI
08830 $251,100
07077 $236,300
07064 $234,100
Name Median ZHVI
07095 $229,000
07001 $228,100
08861 $196,600

Listings & Sales

  • No data
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08863 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,943 08863
    $1,939 Fords
    $1,376 United States

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

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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