16148 Home Prices & Values

$122,000 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

  • 9.9% 1-year change
  • 1.1% 1-year forecast

The median home value in 16148 is $122,000. 16148 home values have gone up 9.9% over the past year and Zillow predicts they will rise 1.1% within the next year. The median price of homes currently listed in 16148 is $150,000 while the median price of homes that sold is $110,000. The median rent price in 16148 is $685, which is the same as the Hermitage median of $685.

Foreclosures will be a factor impacting home values in the next several years. In 16148 0.8 homes are foreclosed (per 10,000). This is the same as the Hermitage value of 0.8 and also lower than the national value of 4.8

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 16148 is 4.0%, which is lower than the national value of 7.2%. 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 16148 homeowners underwater on their mortgage is 14.0%, which is the same as Hermitage at 14.0%.

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Relative ZHVI
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16148 Market Overview

Data through May 31, 2014
  • $122,000 ZHVI
  • 1.1% 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

    (May 31, 2015)
  • $150,000 Median listing price
  • No recent data Median sale price
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16148 Market Health

Data through May 31, 2014
  • 8.8/10 Very healthy 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
  • 14.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
16142 $136,800 16159 $127,300 16143 $122,100
16154 $118,200 44403 $99,900 16150 $87,800
44425 $79,600 44438 $45,900  

Listings & Sales

Data through May 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.2% Listings with price cut
3.9%
Sold below listing
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16148 Rentals

Data through May 31, 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
$1,008 16148
$1,010 Hermitage
$1,310 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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