Home Values

08534 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

$414,000

  • 1.3% 1-year change
  • 0.7% 1-year forecast

The median home value in 08534 is $414,000. 08534 home values have gone up 1.3% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in 08534 is $196, which is higher than the Pennington average of $185. The median price of homes currently listed in 08534 is $414,000 while the median price of homes that sold is $411,975. The median rent price in 08534 is $2,500.

Foreclosures will be a factor impacting home values in the next several years. In 08534 1.2 homes are foreclosed (per 10,000). This is lower than the Pennington value of 6.6 and also lower than the national value of 3.9

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 08534 homeowners underwater on their mortgage is 5.5%.

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Relative ZHVI
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08534 Market Overview

Data through Feb 28, 2015
  • $414,000 ZHVI
  • 0.7% 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
    (Feb 29, 2016)
  • $414,000 Median listing price
  • No recent data Median sale price
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08534 Market Health

Data through Feb 28, 2015
  • 7.4/10 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.
  • No data Average days on Zillow
  • 5.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
18977 $463,700
08525 $403,900
08560 $358,200
Name Median ZHVI
08530 $347,300
08648 $235,300
08628 $209,900
Name Median ZHVI
08618 $123,300
08638 $120,600
08609 $83,700

Listings & Sales

Data through Feb 28, 2015
  • $196 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 17.2% Listings with price cut
31.1%
Sold below listing
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08534 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,635 08534
    $2,775 Pennington
    $1,355 United States

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

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,500 Rent list price
  • $1.31 Rent list price / sq ft
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