Home Values

Paradise 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

$200,600

  • -0.6% 1-year change
  • 2.2% 1-year forecast

The median home value in Paradise Township is $200,600. Paradise Township home values have declined -0.6% over the past year and Zillow predicts they will rise 2.2% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Paradise Township 12.0 homes are foreclosed (per 10,000). This is greater than the Lancaster Metro value of 5.0 and also greater 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 Paradise Township is 7.1%, 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 Paradise Township homeowners underwater on their mortgage is 12.6%, which is lower than Lancaster Metro at 13.2%.

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Relative ZHVI
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Paradise Township Market Overview

Data through Apr 30, 2015
  • $200,600 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
  • No data Median sale price
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Paradise Township Market Health

Data through Apr 30, 2015
  • 6.3/10 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
  • 12.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

12 homes(Dec 31, 2014) Paradise Township
5 homes Lancaster Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Salisbury Township $237,800
Gap $233,000
Leacock Township $230,200
Name Median ZHVI
Sadsbury Township $215,300
Bart $199,100
Strasburg Township $193,000
Name Median ZHVI
Quarryville $181,600
East Lampeter Township $179,700
New Holland $165,400

Listings & Sales

  • No data
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Paradise Township Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,097 Paradise Township
    $1,090 Lancaster 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

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