Home Values

Port Reading 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

$260,600

  • 3.7% 1-year change
  • -0.3% 1-year forecast

The median home value in Port Reading is $260,600. Port Reading home values have gone up 3.7% over the past year and Zillow predicts they will fall -0.3% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Port Reading 4.5 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 2.0 and also greater than the national value of 3.5

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 Port Reading is 21.6%, which is higher than the national value of 6.0%. 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 Port Reading homeowners underwater on their mortgage is 14.8%, which is higher than New York Metro at 12.4%.

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Relative ZHVI
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Port Reading Market Overview

Data through May 31, 2015
  • $260,600 ZHVI
  • -0.3% 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 data Median sale price
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Port Reading Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 14.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 21.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.5 homes Port Reading
2 homes New York Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Colonia $304,200
Iselin $251,100
Sewaren $236,300
Name Median ZHVI
Woodbridge Township $231,900
Avenel $228,400
Linden $219,600
Name Median ZHVI
Rahway $216,000
Carteret $205,600
Perth Amboy $197,100

Listings & Sales

  • No data
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Port Reading Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,949 Port Reading
    $2,357 New York Metro
    $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

  • 1.9 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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