19040 Home Prices & Values

$247,300 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

  • 3.1% 1-year change
  • 2.6% 1-year forecast

The median home value in 19040 is $247,300. 19040 home values have gone up 3.1% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in 19040 is $163, which is higher than the Philadelphia Metro average of $134. The median price of homes currently listed in 19040 is $259,900 while the median price of homes that sold is $198,206. The median rent price in 19040 is $1,200, which is lower than the Philadelphia Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In 19040 1.1 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 3.3 and also lower than the national value of 4.3

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 19040 is 7.1%, which is lower than the national value of 7.2%. 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 19040 homeowners underwater on their mortgage is 12.7%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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19040 Market Overview

Data through Jun 30, 2014
  • $247,300 ZHVI
  • 2.6% 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

    (Jun 30, 2015)
  • $259,900 Median listing price
  • $198,206 Median sale price (Apr 30, 2014)
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19040 Market Health

Data through Jun 30, 2014
  • 4.9/10 Stable 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 of days on Zillow
  • 12.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes 19040
3.3 homes Philadelphia Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
18929 $415,900 19025 $386,600 19006 $372,100
18976 $339,700 19046 $296,600 18974 $265,500
19044 $230,800 19001 $226,400 19090 $224,300

Listings & Sales

Data through Jun 30, 2014
  • $163 Median list price / sq ft
  • $151 Median sale price / sq ft (Apr 30, 2014)
  • 58.5% Listings with price cut
9.3%
Sold below listing
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19040 Rentals

Data through Jun 30, 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
$1,693 19040
$1,532 Philadelphia Metro
$1,310 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)
  • $1,200 Rent list price
  • $1.13 Rent list price / sq ft
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