Home Values

Penn 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

$147,700

  • -1.5% 1-year change
  • 1.2% 1-year forecast

The median home value in Penn Township is $147,700. Penn Township home values have declined -1.5% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Penn Township is None.

Foreclosures will be a factor impacting home values in the next several years. In Penn Township 1.5 homes are foreclosed (per 10,000). This is lower than the Pittsburgh Metro value of 2.7 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 Penn Township is 5.2%, which is lower 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 Penn Township homeowners underwater on their mortgage is 15.3%, which is higher than Pittsburgh Metro at 12.1%.

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Relative ZHVI
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Penn Township Market Overview

Data through Apr 30, 2015
  • $147,700 ZHVI
  • 1.2% 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
  • $147,500 Median sale price (Mar 31, 2015)
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Penn Township Market Health

Data through Apr 30, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 15.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.5 homes(Mar 31, 2015) Penn Township
2.7 homes Pittsburgh Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Murrysville $189,200
Hempfield Township $133,900
Delmont $125,000
Name Median ZHVI
Monroeville $123,100
North Huntingdon $122,700
Manor $121,100
Name Median ZHVI
Irwin $104,800
Trafford $90,600
Jeannette $63,500

Listings & Sales

  • No data
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Penn Township Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,140 Penn Township
    $1,124 Pittsburgh 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

  • 2.1 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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