Home Values

08801 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

$383,900

  • -2.0% 1-year change
  • -1.4% 1-year forecast

The median home value in 08801 is $383,900. 08801 home values have declined -2.0% over the past year and Zillow predicts they will fall -1.4% within the next year. The median rent price in 08801 is $1,900.

Foreclosures will be a factor impacting home values in the next several years. In 08801 3.0 homes are foreclosed (per 10,000). This is lower than the Franklin Township value of 11.7 and also lower than the national value of 3.8

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 08801 homeowners underwater on their mortgage is 11.1%.

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Relative ZHVI
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08801 Market Overview

Data through Jun 30, 2015
  • $383,900 ZHVI
  • -1.4% 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
    (Jun 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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08801 Market Health

Data through Jun 30, 2015
  • 1.9/10 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
  • 11.1% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI
08867 $446,400
08833 $442,200
07830 $428,000
Name Median ZHVI
08889 $395,200
08822 $361,900
08827 $323,700
Name Median ZHVI
08809 $321,100
08826 $285,400
08829 $243,000

Listings & Sales

  • No data
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08801 Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,399 08801
    $2,427 Franklin Township
    $1,369 United States

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

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,900 Rent list price
  • $1.55 Rent list price / sq ft
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