Home Values

Middle 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

$220,900

  • 2.3% 1-year change
  • -1.2% 1-year forecast

The median home value in Middle Township is $220,900. Middle Township home values have gone up 2.3% over the past year and Zillow predicts they will fall -1.2% within the next year. The median list price per square foot in Middle Township is $158, which is lower than the Ocean City Metro average of $295. The median price of homes currently listed in Middle Township is $249,900 while the median price of homes that sold is $208,500.

Foreclosures will be a factor impacting home values in the next several years. In Middle Township 1.9 homes are foreclosed (per 10,000). This is 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 Middle Township is 16.1%, which is higher 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 Middle Township homeowners underwater on their mortgage is 13.0%.

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Relative ZHVI
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Middle Township Market Overview

Data through Dec 31, 2014
  • $220,900 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
    (Dec 31, 2015)
  • $249,900 Median listing price
  • No recent data Median sale price
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Middle Township Market Health

Data through Dec 31, 2014
  • 1.8/10 Less 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
  • 13.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 16.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.9 homes(Nov 30, 2014) Middle Township
4 homes United States
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Nearby Cities

Name Median ZHVI
Stone Harbor $1,135,100
Avalon $1,065,100
North Wildwood $279,400
Name Median ZHVI
Dennis Township $231,300
Cape May Court House $225,900
West Wildwood $212,900
Name Median ZHVI
Wildwood $205,400
Rio Grande $205,000
Whitesboro-Burleigh $161,100

Listings & Sales

Data through Dec 31, 2014
  • $158 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 11.0% Listings with price cut
35.7%
Sold below listing
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Middle Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,528 Middle Township
    $1,629 Ocean City 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

  • 4.2 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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