Home Values

Lawrence 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

$154,800

  • 5.5% 1-year change
  • 2.5% 1-year forecast

The median home value in Lawrence Township is $154,800. Lawrence Township home values have gone up 5.5% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Lawrence Township is $154,900.

Foreclosures will be a factor impacting home values in the next several years. In Lawrence Township 12.5 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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 Lawrence Township is 16.4%, which is higher than the national value of 6.4%. 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 Lawrence Township homeowners underwater on their mortgage is 24.7%.

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Relative ZHVI
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Lawrence Township Market Overview

Data through Dec 31, 2014
  • $154,800 ZHVI
  • 2.5% 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
    (Dec 31, 2015)
  • $154,900 Median listing price
  • No data Median sale price
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Lawrence Township Market Health

Data through Dec 31, 2014
  • 2.3/10 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
  • 24.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 16.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Upper Deerfield Township $161,700
Hopewell Township $146,100
Deerfield Township $144,900
Name Median ZHVI
Fairton $136,200
Fairfield Township $135,500
Downe Township $133,800
Name Median ZHVI
Millville $120,000
Bridgeton $68,700
Laurel Lake $67,900

Listings & Sales

Data through Dec 31, 2014
  • $104 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 30.6% Listings with price cut
41.7%
Sold below listing
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Lawrence Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,260 Lawrence Township
    $1,247 Vineland Metro
    $1,345 United States

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

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