Home Values

08823 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

$202,400

  • -6.6% 1-year change
  • -4.4% 1-year forecast

The median home value in 08823 is $202,400. 08823 home values have declined -6.6% over the past year and Zillow predicts they will fall -4.4% within the next year. The median list price per square foot in 08823 is None. The median rent price in 08823 is $1,625, which is lower than the Franklin Township median of $1,850.

Foreclosures will be a factor impacting home values in the next several years. In 08823 2.2 homes are foreclosed (per 10,000). This is lower than the Franklin Township value of 3.2 and also lower than the national value of 3.5

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 08823 homeowners underwater on their mortgage is 21.4%, which is higher than Franklin Township at 17.2%.

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Relative ZHVI
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08823 Market Overview

Data through May 31, 2015
  • $202,400 ZHVI
  • -4.4% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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08823 Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 21.4% 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)

2.2 homes(Mar 31, 2015) 08823
3.2 homes(Apr 30, 2015) Franklin Township
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
08502 $578,700
08540 $534,300
08536 $351,400
Name Median ZHVI
08824 $348,700
08810 $335,300
08852 $327,300
Name Median ZHVI
08873 $291,500
08902 $260,900
08835 $237,500

Listings & Sales

  • No data
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08823 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,917 08823
    $2,126 Franklin Township
    $1,367 United States

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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,625 Rent list price
  • $1.15 Rent list price / sq ft
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