Home Values

08610 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

$167,700

  • 12.7% 1-year change
  • 3.0% 1-year forecast

The median home value in 08610 is $167,700. 08610 home values have gone up 12.7% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in 08610 is $130, which is lower than the Hamilton Township average of $146. The median price of homes currently listed in 08610 is $160,000 while the median price of homes that sold is $167,250. The median rent price in 08610 is $1,250, which is lower than the Hamilton Township median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In 08610 1.0 homes are foreclosed (per 10,000). This is greater than the Hamilton Township value of 0.5 and also lower than the national value of 4.5

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 08610 is 19.5%, which is higher than the national value of 6.9%. 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 08610 homeowners underwater on their mortgage is 37.1%, which is the same as Hamilton Township at 37.1%.

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Relative ZHVI
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08610 Market Overview

Data through Oct 31, 2014
  • $167,700 ZHVI
  • 3.0% 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
    (Oct 31, 2015)
  • $160,000 Median listing price
  • $167,250 Median sale price
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08610 Market Health

Data through Oct 31, 2014
  • 5.6/10 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
  • 37.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 19.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1 home(Sep 30, 2014) 08610
0.5 homes(Sep 30, 2014) Hamilton Township
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
08690 $262,800
08619 $226,400
08629 $100,100
Name Median ZHVI
08609 $87,500
08611 $78,100
 

Listings & Sales

Data through Oct 31, 2014
  • $130 Median list price / sq ft
  • $145 Median sale price / sq ft
  • 49.4% Listings with price cut
36.5%
Sold below listing
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08610 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,434 08610
    $1,463 Hamilton Township
    $1,337 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.08 Rent list price / sq ft
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