Park Forest Village Home Prices & Values

$239,000 Zillow Home Value Index What's This?  
Close

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

  • 4.6% 1-year change
  • -0.8% 1-year forecast

The median home value in Park Forest Village is $239,000. Park Forest Village home values have gone up 4.6% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in Park Forest Village is $133, which is lower than the State College Metro average of $135. The median price of homes currently listed in Park Forest Village is $225,000 while the median price of homes that sold is $218,980. The median rent price in Park Forest Village is $624.

Foreclosures will be a factor impacting home values in the next several years. In Park Forest Village 2.5 homes are foreclosed (per 10,000). This is greater than the State College Metro value of 0.2 and also lower than the national value of 4.8

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 Park Forest Village is 1.2%, 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 Park Forest Village homeowners underwater on their mortgage is 7.0%, which is lower than State College Metro at 7.7%.

more
Relative ZHVI
- +

Park Forest Village Market Overview

Data through May 31, 2014
  • $239,000 ZHVI
  • -0.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $225,000 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Park Forest Village Market Health

Data through May 31, 2014
  • 8.0/10 Very healthy What's This?  
    Close

    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
  • 7.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 1.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Ferguson Township $259,700 Stormstown $253,800 College Township $252,500
State College $245,200 Patton Township $238,100 Boalsburg $236,900
Benner Township $180,200 Houserville $176,900 Spring Township $170,200

Listings & Sales

Data through May 31, 2014
  • $133 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.5% Listings with price cut
2.3%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Park Forest Village Rentals

Data through May 31, 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
$1,556 Park Forest Village
$1,310 State College Metro
$1,310 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading