Home Values

07838 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

$251,100

  • 2.4% 1-year change
  • 0.7% 1-year forecast

The median home value in 07838 is $251,100. 07838 home values have gone up 2.4% over the past year and Zillow predicts they will rise 0.7% within the next year. The median price of homes currently listed in 07838 is $299,000.

Foreclosures will be a factor impacting home values in the next several years. In 07838 6.3 homes are foreclosed (per 10,000). This is lower than the Hope value of 14.7 and also greater than the national value of 3.9

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 07838 homeowners underwater on their mortgage is 17.1%.

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Relative ZHVI
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07838 Market Overview

Data through Feb 28, 2015
  • $251,100 ZHVI
  • 0.7% 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
    (Feb 29, 2016)
  • $299,000 Median listing price
  • No data Median sale price
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07838 Market Health

Data through Feb 28, 2015
  • 2.5/10 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.
  • No data Average days on Zillow
  • 17.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
07853 $425,900
07825 $278,600
07828 $272,400
Name Median ZHVI
07840 $256,300
07865 $249,700
07832 $240,200
Name Median ZHVI
07863 $195,600
07823 $194,600
 

Listings & Sales

Data through Feb 28, 2015
  • $134 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.7% Listings with price cut
1.9%
Sold below listing
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07838 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,868 07838
    $1,883 Hope
    $1,355 United States

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

  • 2.3 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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