Home Values

18040 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

$238,200

  • 6.4% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in 18040 is $238,200. 18040 home values have gone up 6.4% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in 18040 is $123, which is higher than the Plainfield Township average of $121. The median price of homes currently listed in 18040 is $254,900 while the median price of homes that sold is $245,600. The median rent price in 18040 is $1,475.

Foreclosures will be a factor impacting home values in the next several years. In 18040 1.6 homes are foreclosed (per 10,000). This is lower than the Plainfield Township value of 5.8 and also lower than the national value of 4.0

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 18040 is 6.3%, which is lower than the national value of 6.9%. 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 18040 homeowners underwater on their mortgage is 19.2%.

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Relative ZHVI
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18040 Market Overview

Data through Sep 30, 2014
  • $238,200 ZHVI
  • 2.9% 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
    (Sep 30, 2015)
  • $254,900 Median listing price
  • $245,600 Median sale price
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18040 Market Health

Data through Sep 30, 2014
  • 8.1/10 Very 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
  • 19.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes 18040
5.8 homes Plainfield Township
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
08886 $278,000
18020 $214,900
18064 $214,800
Name Median ZHVI
18045 $203,700
18091 $180,900
08865 $160,000
Name Median ZHVI
18013 $157,000
18072 $151,300
18042 $113,000

Listings & Sales

Data through Sep 30, 2014
  • $123 Median list price / sq ft
  • $120 Median sale price / sq ft
  • 45.7% Listings with price cut
23.3%
Sold below listing
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18040 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,652 18040
    $1,444 Plainfield Township
    $1,335 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,475 Rent list price
  • No data Rent list price / sq ft
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