Home Values

Richland 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

$247,100

  • 10.1% 1-year change
  • 3.1% 1-year forecast

The median home value in Richland Township is $247,100. Richland Township home values have gone up 10.1% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in Richland Township is $133, which is higher than the Philadelphia Metro average of $127. The median price of homes currently listed in Richland Township is $259,990 while the median price of homes that sold is $211,176. The median rent price in Richland Township is $1,300, which is the same as the Philadelphia Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Richland Township 6.7 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 3.4 and also greater 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 Richland Township is 5.7%, which is lower than the national value of 6.4%. 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 Richland Township homeowners underwater on their mortgage is 13.9%, which is lower than Philadelphia Metro at 18.1%.

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Relative ZHVI
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Richland Township Market Overview

Data through Dec 31, 2014
  • $247,100 ZHVI
  • 3.1% 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
    (Dec 31, 2015)
  • $259,990 Median listing price
  • No recent data Median sale price
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Richland Township Market Health

Data through Dec 31, 2014
  • 5.8/10 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
  • 13.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.7 homes Richland Township
3.4 homes Philadelphia Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Haycock Township $327,200
Springfield Township $311,600
East Rockhill Township $301,500
Name Median ZHVI
Milford Township $273,600
Upper Saucon Township $269,700
Sellersville $258,800
Name Median ZHVI
Perkasie $244,800
Coopersburg $205,300
Quakertown $202,900

Listings & Sales

Data through Dec 31, 2014
  • $133 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 24.1% Listings with price cut
29.2%
Sold below listing
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Richland Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,507 Richland Township
    $1,542 Philadelphia Metro
    $1,345 United States

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

  • 3.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,300 Rent list price
  • No data Rent list price / sq ft
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