Home Values

Spring 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

$190,900

  • 0.4% 1-year change
  • 2.2% 1-year forecast

The median home value in Spring Township is $190,900. Spring Township home values have gone up 0.4% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Spring Township is None. The median rent price in Spring Township is $1,020, which is higher than the Reading Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Spring Township 2.0 homes are foreclosed (per 10,000). This is lower 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 Spring Township is 3.4%, which is lower 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 Spring Township homeowners underwater on their mortgage is 9.8%.

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Relative ZHVI
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Spring Township Market Overview

Data through May 31, 2015
  • $190,900 ZHVI
  • 2.2% 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
  • $169,900 Median sale price (Apr 30, 2015)
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Spring Township Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 9.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 homes Spring Township
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Lower Heidelberg Township $272,200
Wyomissing $211,000
Spring Ridge $195,500
Name Median ZHVI
South Heidelberg Township $194,500
Whitfield $173,700
Sinking Spring $154,500
Name Median ZHVI
Shillington $140,600
Mohnton $134,800
West Wyomissing $128,600

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $99 Median sale price / sq ft
  • No data Listings with price cut
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Spring Township Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,498 Spring Township
    $1,284 Reading 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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,020 Rent list price
  • $1.02 Rent list price / sq ft
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