Home Values

Madison 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

$170,800

  • -3.0% 1-year change
  • 1.4% 1-year forecast

The median home value in Madison Township is $170,800. Madison Township home values have declined -3.0% over the past year and Zillow predicts they will rise 1.4% within the next year. The median price of homes currently listed in Madison Township is $209,000.

Foreclosures will be a factor impacting home values in the next several years. In Madison Township 7.2 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 Madison Township is 2.5%, 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 Madison Township homeowners underwater on their mortgage is 11.2%.

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Relative ZHVI
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Madison Township Market Overview

Data through Sep 30, 2014
  • $170,800 ZHVI
  • 1.4% 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
    (Sep 30, 2015)
  • $209,000 Median listing price
  • No data Median sale price
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Madison Township Market Health

Data through Sep 30, 2014
  • 7.1/10 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
  • 11.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Roaring Brook Township $187,100
Covington Township $172,500
Clifton $165,100
Name Median ZHVI
Mount Cobb $161,400
Moscow $144,200
Jefferson Township $142,700
Name Median ZHVI
Olyphant $109,100
Throop $97,900
Jessup $92,200

Listings & Sales

Data through Sep 30, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 56.7% Listings with price cut
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Madison Township Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,206 Madison Township
    $1,011 Scranton Metro
    $1,335 United States

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

  • 1.9 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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