Home Values

16002 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

$202,900

  • 18.8% 1-year change
  • 1.7% 1-year forecast

The median home value in 16002 is $202,900. 16002 home values have gone up 18.8% over the past year and Zillow predicts they will rise 1.7% within the next year. The median price of homes currently listed in 16002 is $257,500 while the median price of homes that sold is $167,340.

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 16002 is 3.4%, 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 16002 homeowners underwater on their mortgage is 7.2%, which is higher than Middlesex Township at 6.9%.

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Relative ZHVI
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16002 Market Overview

Data through Jan 31, 2015
  • $202,900 ZHVI
  • 1.7% 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
    (Jan 31, 2016)
  • $257,500 Median listing price
  • No recent data Median sale price
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16002 Market Health

Data through Jan 31, 2015
  • 9.8/10 Very 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 7.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
16059 $232,600
16053 $215,100
16055 $211,800
Name Median ZHVI
16056 $204,600
16023 $188,200
16025 $171,600
Name Median ZHVI
16033 $169,700
16001 $151,200
 

Listings & Sales

  • No data
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16002 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,340 16002
    $1,887 Middlesex Township
    $1,350 United States

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

  • 1.3 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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