Home Values

Mckean 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

$156,200

  • -2.8% 1-year change
  • 1.2% 1-year forecast

The median home value in Mckean Township is $156,200. Mckean Township home values have declined -2.8% over the past year and Zillow predicts they will rise 1.2% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Mckean Township 17.6 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Mckean Township is 4.0%, which is lower than the national value of 6.3%. 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 Mckean Township homeowners underwater on their mortgage is 7.4%.

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Relative ZHVI
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Mckean Township Market Overview

Data through Apr 30, 2015
  • $156,200 ZHVI
  • 1.2% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Mckean Township Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 7.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

17.6 homes(Mar 31, 2015) Mckean Township
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Fairview Township $181,900
Avonia $176,900
Summit Township $175,000
Name Median ZHVI
Washington Township $166,500
Millcreek Township $152,400
Greene Township $149,900
Name Median ZHVI
Waterford Township $139,100
Edinboro $131,000
Erie $77,200

Listings & Sales

  • No data
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Mckean Township Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,233 Mckean Township
    $1,177 Erie Metro
    $1,364 United States

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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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