Home Values

Manheim 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

$200,100

  • 3.6% 1-year change
  • 3.0% 1-year forecast

The median home value in Manheim Township is $200,100. Manheim Township home values have gone up 3.6% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Manheim Township is $134, which is higher than the Lancaster Metro average of $121. The median price of homes currently listed in Manheim Township is $299,000 while the median price of homes that sold is $188,935.

Foreclosures will be a factor impacting home values in the next several years. In Manheim Township 2.3 homes are foreclosed (per 10,000). This is lower than the Lancaster Metro value of 2.5 and also lower 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 Manheim Township is 5.3%, which is lower 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 Manheim Township homeowners underwater on their mortgage is 9.9%, which is lower than Lancaster Metro at 12.1%.

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Relative ZHVI
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Manheim Township Market Overview

Data through Dec 31, 2014
  • $200,100 ZHVI
  • 3.0% 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)
  • $299,000 Median listing price
  • $188,935 Median sale price
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Manheim Township Market Health

Data through Dec 31, 2014
  • 6.7/10 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
  • 9.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.3 homes Manheim Township
2.5 homes Lancaster Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
East Hempfield Township $235,500
West Lampeter $230,200
Rothsville $208,900
Name Median ZHVI
Warwick Township $202,400
East Lampeter Township $190,600
Lititz $166,700
Name Median ZHVI
East Petersburg $163,900
Millersville $162,600
Lancaster Township $95,900

Listings & Sales

Data through Dec 31, 2014
  • $134 Median list price / sq ft
  • $122 Median sale price / sq ft
  • 26.8% Listings with price cut
19.6%
Sold below listing
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Manheim Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,185 Manheim Township
    $1,108 Lancaster 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

  • 4.5 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
  • $0.87 Rent list price / sq ft
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