Home Values

Millcreek 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

$148,700

  • -3.7% 1-year change
  • 0.9% 1-year forecast

The median home value in Millcreek Township is $148,700. Millcreek Township home values have declined -3.7% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in Millcreek Township is None. The median rent price in Millcreek Township is $1,145, which is higher than the Erie Metro median of $675.

Foreclosures will be a factor impacting home values in the next several years. In Millcreek Township 1.8 homes are foreclosed (per 10,000). This is lower 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 Millcreek Township is 2.2%, 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 Millcreek Township homeowners underwater on their mortgage is 6.4%.

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Relative ZHVI
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Millcreek Township Market Overview

Data through Apr 30, 2015
  • $148,700 ZHVI
  • 0.9% 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
  • $150,950 Median sale price
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Millcreek Township Market Health

Data through Apr 30, 2015
  • 6.8/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 6.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.8 homes Millcreek 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
Mckean Township $160,100
Greene Township $149,900
Northwest Harborcreek $145,500
Name Median ZHVI
Lawrence Park $93,200
Erie $77,200
Wesleyville $76,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $96 Median sale price / sq ft
  • No data Listings with price cut
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Millcreek Township Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,205 Millcreek 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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,145 Rent list price (Feb 28, 2015)
  • $0.93 Rent list price / sq ft (Feb 28, 2015)
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