Hermitage Home Prices & Values

$119,900 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

  • 6.1% 1-year change
  • 0.7% 1-year forecast

The median home value in Hermitage is $119,900. Hermitage home values have gone up 6.1% over the past year and Zillow predicts they will rise 0.7% within the next year. The median price of homes currently listed in Hermitage is $149,900 while the median price of homes that sold is $159,200. The median rent price in Hermitage is $685.

Foreclosures will be a factor impacting home values in the next several years. In Hermitage 0.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 Hermitage is 3.0%, which is lower 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 Hermitage homeowners underwater on their mortgage is 14.6%.

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Relative ZHVI
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Hermitage Market Overview

Data through Jul 31, 2014
  • $119,900 ZHVI
  • 0.7% 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

    (Jul 31, 2015)
  • $149,900 Median listing price
  • $159,200 Median sale price
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Hermitage Market Health

Data through Jul 31, 2014
  • 7.5/10 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 days on Zillow
  • 14.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Shenango Township $135,700 Lackawannock Township $134,400 Jefferson Township $125,100
Delaware Township $119,900 South Pymatuning Township $110,900 Brookfield Center $102,800
Pymatuning Township $91,800 Hubbard $78,800 Sharpsville $69,600

Listings & Sales

Data through Jul 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.1% Listings with price cut
3.9%
Sold below listing
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Hermitage Rentals

Data through Jul 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
$1,006 Hermitage
$851 Youngstown Metro
$1,318 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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