Home Values

Moorestown-Lenola 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

$329,000

  • -6.7% 1-year change
  • -2.2% 1-year forecast

The median home value in Moorestown-Lenola is $329,000. Moorestown-Lenola home values have declined -6.7% over the past year and Zillow predicts they will fall -2.2% within the next year. The median list price per square foot in Moorestown-Lenola is None. The median rent price in Moorestown-Lenola is $1,455, which is higher than the Philadelphia Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Moorestown-Lenola 1.1 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 4.1 and also 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 Moorestown-Lenola is 7.5%, which is higher 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 Moorestown-Lenola homeowners underwater on their mortgage is 11.6%, which is lower than Philadelphia Metro at 19.1%.

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Relative ZHVI
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Moorestown-Lenola Market Overview

Data through Apr 30, 2015
  • $329,000 ZHVI
  • -2.2% 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
  • $271,923 Median sale price (Mar 31, 2015)
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Moorestown-Lenola Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 11.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes(Dec 31, 2014) Moorestown-Lenola
4.1 homes Philadelphia Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Moorestown Township $677,900
Riverton $242,000
Cinnaminson $236,300
Name Median ZHVI
Ramblewood $230,800
Delran $212,900
Marlton $208,900
Name Median ZHVI
Mt Laurel Township $198,000
Maple Shade $154,300
Riverside $146,800

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $158 Median sale price / sq ft
  • No data Listings with price cut
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Moorestown-Lenola Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,094 Moorestown-Lenola
    $1,567 Philadelphia 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

  • 5.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,455 Rent list price
  • No data Rent list price / sq ft
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