Home Values

08260 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

$264,800

  • 0.9% 1-year change
  • -1.1% 1-year forecast

The median home value in 08260 is $264,800. 08260 home values have gone up 0.9% over the past year and Zillow predicts they will fall -1.1% within the next year. The median list price per square foot in 08260 is $260, which is lower than the North Wildwood average of $264. The median price of homes currently listed in 08260 is $289,900 while the median price of homes that sold is $283,000.

Foreclosures will be a factor impacting home values in the next several years. In 08260 1.1 homes are foreclosed (per 10,000). This is greater than the North Wildwood value of 0.8 and also lower than the national value of 4.2

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 08260 is 20.3%, 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 08260 homeowners underwater on their mortgage is 11.9%, which is the same as North Wildwood at 11.9%.

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Relative ZHVI
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08260 Market Overview

Data through Nov 30, 2014
  • $264,800 ZHVI
  • -1.1% 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
    (Nov 30, 2015)
  • $289,900 Median listing price
  • $283,000 Median sale price
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08260 Market Health

Data through Nov 30, 2014
  • 1.9/10 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
  • 11.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 20.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes 08260
0.8 homes North Wildwood
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
08247 $1,089,000
08202 $996,500
08243 $635,400
Name Median ZHVI
08230 $280,600
08204 $273,300
08210 $230,100
Name Median ZHVI
08270 $229,000
08242 $197,700
08251 $145,100

Listings & Sales

Data through Nov 30, 2014
  • $260 Median list price / sq ft
  • $252 Median sale price / sq ft
  • No data Listings with price cut
35.2%
Sold below listing
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08260 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,626 08260
    $1,610 North Wildwood
    $1,342 United States

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

  • 5.3 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
  • $0.95 Rent list price / sq ft (Oct 31, 2014)
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