08080 Home Prices & Values

$225,500 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

  • 4.0% 1-year change
  • 1.0% 1-year forecast

Market Temperature: WarmWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 08080 is $225,500. 08080 home values have gone up 4.0% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in 08080 is $121, which is lower than the Mantua average of $122. The median price of homes currently listed in 08080 is $234,900 while the median price of homes that sold is $222,200. The median rent price in 08080 is $1,400, which is higher than the Mantua median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In 08080 0.7 homes are foreclosed (per 10,000). This is lower than the Mantua value of 1.0 and also lower than the national value of 4.4

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 08080 is 13.1%, which is higher 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 08080 homeowners underwater on their mortgage is 22.4%, which is lower than Mantua at 29.8%.

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Relative ZHVI
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08080 Market Overview

Data through Jul 31, 2014
  • $225,500 ZHVI
  • 1.0% 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

    (Jul 31, 2015)
  • $234,900 Median listing price
  • $222,200 Median sale price
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08080 Market Health

Data through Jul 31, 2014
  • 4.1/10 Less 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 days on Zillow
  • 22.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes 08080
1 home(May 31, 2014) Mantua
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
08012 $181,500 08071 $169,800 08097 $168,500
08090 $164,500 08028 $164,500 08096 $164,400
08051 $156,600 08312 $148,500 08029 $136,800

Listings & Sales

Data through Jul 31, 2014
  • $121 Median list price / sq ft
  • $117 Median sale price / sq ft
  • 43.2% Listings with price cut
28.0%
Sold below listing
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08080 Rentals

Data through Jul 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
$1,753 08080
$1,589 Mantua
$1,318 United States
  • 4.0 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)
  • $1,400 Rent list price
  • No data Rent list price / sq ft
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