Lower Moreland Township Home Prices & Values

$386,800 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

  • 5.9% 1-year change
  • 1.4% 1-year forecast

The median home value in Lower Moreland Township is $386,800. Lower Moreland Township home values have gone up 5.9% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in Lower Moreland Township is $174, which is higher than the Philadelphia Metro average of $134. The median price of homes currently listed in Lower Moreland Township is $429,000 while the median price of homes that sold is $350,115. The median rent price in Lower Moreland Township is $1,900, which is higher than the Philadelphia Metro median of $1,396.

Foreclosures will be a factor impacting home values in the next several years. In Lower Moreland Township 4.4 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 3.5 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 Lower Moreland Township is 5.8%, 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 Lower Moreland Township homeowners underwater on their mortgage is 9.6%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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Lower Moreland Township Market Overview

Data through May 31, 2014
  • $386,800 ZHVI
  • 1.4% 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)
  • $429,000 Median listing price
  • No recent data Median sale price
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Lower Moreland Township Market Health

Data through May 31, 2014
  • 7.4/10 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
  • 9.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

4.4 homes Lower Moreland Township
3.5 homes Philadelphia Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper Southampton Township $267,100 Warminster $255,100 Lower Southampton Township $254,400
Upper Moreland Township $246,300 Feasterville Trevose $230,900 Hatboro $230,800
Abington $221,300 Willow Grove $218,900 Rockledge $208,300

Listings & Sales

Data through May 31, 2014
  • $174 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
15.4%
Sold below listing
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Lower Moreland Township 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
$2,438 Lower Moreland Township
$1,527 Philadelphia Metro
$1,310 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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