Franconia Home Prices & Values

$291,700 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

  • 0.3% 1-year change
  • 0.4% 1-year forecast

The median home value in Franconia is $291,700. Franconia home values have gone up 0.3% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in Franconia is $159, which is higher than the Philadelphia Metro average of $127. The median price of homes currently listed in Franconia is $314,900 while the median price of homes that sold is $290,000. The median rent price in Franconia is $1,520, which is higher than the Philadelphia Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Franconia 3.5 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 2.6 and also lower than the national value of 5.0

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 Franconia is 5.0%, which is lower than the national value of 8.0%. 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 Franconia homeowners underwater on their mortgage is 12.8%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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Franconia Market Overview

Data through Feb 28, 2014
  • $291,700 ZHVI
  • 0.4% 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

    (Feb 28, 2015)
  • $314,900 Median listing price
  • No recent data Median sale price
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Franconia Market Health

Data through Feb 28, 2014
  • 4.9/10 Stable 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
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

3.5 homes(Sep 30, 2013) Franconia
2.6 homes Philadelphia Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Lower Salford Township $397,000 Towamencin Township $315,700 Harleysville $273,500
Hatfield Township $260,500 Sellersville $241,500 Kulpsville $231,700
Telford $231,100 Souderton $201,000 Lansdale $199,300

Listings & Sales

Data through Feb 28, 2014
  • $159 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 30.0% Listings with price cut
40.6%
Sold below listing
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Franconia Rentals

Data through Feb 28, 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
$1,931 Franconia
$1,517 Philadelphia Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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