Home Values

08854 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

$274,800

  • -3.9% 1-year change
  • -2.6% 1-year forecast

The median home value in 08854 is $274,800. 08854 home values have declined -3.9% over the past year and Zillow predicts they will fall -2.6% within the next year. The median rent price in 08854 is $1,854, which is higher than the Piscataway Township median of $1,850.

Foreclosures will be a factor impacting home values in the next several years. In 08854 4.1 homes are foreclosed (per 10,000). This is lower than the Piscataway Township value of 4.2 and also greater than the national value of 3.5

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 08854 homeowners underwater on their mortgage is 16.6%, which is higher than Piscataway Township at 15.7%.

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Relative ZHVI
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08854 Market Overview

Data through May 31, 2015
  • $274,800 ZHVI
  • -2.6% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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08854 Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 16.6% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

4 08854
4 Piscataway Township
4 United States
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Nearby Zip Codes

Name Median ZHVI
08904 $291,900
08812 $288,800
07080 $272,500
Name Median ZHVI
08805 $272,500
08817 $258,600
08846 $257,400
Name Median ZHVI
08901 $227,400
08880 $220,800
07063 $177,500

Listings & Sales

  • No data
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08854 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,047 08854
    $2,048 Piscataway Township
    $1,367 United States

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

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,854 Rent list price
  • $1.55 Rent list price / sq ft
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