Home Values

Hanover Township 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

$63,300

  • -16.0% 1-year change
  • 0.4% 1-year forecast

The median home value in Hanover Township is $63,300. Hanover Township home values have declined -16.0% over the past year and Zillow predicts they will rise 0.4% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Hanover Township 3.6 homes are foreclosed (per 10,000). This is greater than the national value of 3.0

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 Hanover Township is 7.1%, which is higher than the national value of 6.3%. 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 Hanover Township homeowners underwater on their mortgage is 30.6%.

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Relative ZHVI
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Hanover Township Market Overview

Data through Mar 31, 2015
  • $63,300 ZHVI
  • 0.4% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Hanover Township Market Health

Data through Mar 31, 2015
  • 1.1/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 30.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Mountain Top $165,000
Larksville $95,900
Kingston $95,000
Name Median ZHVI
Wilkes-Barre Township $61,600
Nanticoke $60,100
Plymouth Township $59,400
Name Median ZHVI
Ashley $58,800
Edwardsville $56,300
Wilkes-Barre $54,000

Listings & Sales

  • No data
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Hanover Township Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $743 Hanover Township
    $994 Scranton Metro
    $1,362 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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