Home Values

Lower Merion 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

$603,500

  • 2.8% 1-year change
  • 1.6% 1-year forecast

The median home value in Lower Merion Township is $603,500. Lower Merion Township home values have gone up 2.8% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Lower Merion Township is None. The median rent price in Lower Merion Township is $1,950, which is higher than the Philadelphia Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Lower Merion Township 4.9 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 3.8 and also greater than the national value of 3.5

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 Lower Merion Township is 3.0%, which is lower than the national value of 6.0%. 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 Lower Merion Township homeowners underwater on their mortgage is 6.5%, which is lower than Philadelphia Metro at 17.6%.

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Relative ZHVI
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Lower Merion Township Market Overview

Data through May 31, 2015
  • $603,500 ZHVI
  • 1.6% 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
    (May 31, 2016)
  • No data Median listing price
  • $634,425 Median sale price (Apr 30, 2015)
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Lower Merion Township Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 6.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.9 homes Lower Merion Township
3.8 homes Philadelphia Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Haverford $653,000
Bryn Mawr $478,800
Narberth $393,600
Name Median ZHVI
Whitemarsh Township $356,500
Plymouth Meeting $283,400
Havertown $270,200
Name Median ZHVI
Ardmore $260,000
West Conshohocken $253,700
Conshohocken $248,700

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $207 Median sale price / sq ft
  • No data Listings with price cut
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Lower Merion Township Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $3,240 Lower Merion Township
    $1,574 Philadelphia Metro
    $1,367 United States

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

  • 4.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,950 Rent list price
  • $1.51 Rent list price / sq ft
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