Home Values

Toms River 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

$247,200

  • -1.3% 1-year change
  • -0.7% 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Toms River is $247,200. Toms River home values have declined -1.3% over the past year and Zillow predicts they will fall -0.7% within the next year. The median list price per square foot in Toms River is $161, which is lower than the New York Metro average of $253. The median price of homes currently listed in Toms River is $269,999 while the median price of homes that sold is $253,450. The median rent price in Toms River is $1,600, which is lower than the New York Metro median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Toms River 3.8 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 and also lower than the national value of 3.9

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 Toms River is 15.6%, which is higher than the national value of 6.3%. 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 Toms River homeowners underwater on their mortgage is 18.8%, which is higher than New York Metro at 13.1%.

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Relative ZHVI
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Toms River Market Overview

Data through Feb 28, 2015
  • $247,200 ZHVI
  • -0.7% 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
    (Feb 29, 2016)
  • $269,999 Median listing price
  • $253,450 Median sale price
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Toms River Market Health

Data through Feb 28, 2015
  • 2.4/10 Less 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
  • 18.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 15.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.8 homes Toms River
1.4 homes New York Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Island Heights $305,300
Pine Beach $244,600
Lakewood Township $235,700
Name Median ZHVI
Beachwood $209,000
Ocean Gate $193,700
Holiday Heights $170,000
Name Median ZHVI
South Toms River $160,200
Holiday City South $127,100
Silver Ridge $110,700

Listings & Sales

Data through Feb 28, 2015
  • $161 Median list price / sq ft
  • $147 Median sale price / sq ft
  • 12.8% Listings with price cut
27.7%
Sold below listing
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Toms River Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,751 Toms River
    $2,348 New York Metro
    $1,355 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,600 Rent list price
  • No data Rent list price / sq ft
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