12116 Home Prices & Values

$102,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -12.2% 1-year change
  • No data 1-year forecast

The median home value in 12116 is $102,700. 12116 home values have declined -12.2% over the past year. The median price of homes currently listed in 12116 is $165,900.

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 12116 is 10.3%, which is higher 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 12116 homeowners underwater on their mortgage is 17.4%, which is higher than Town of Milford at 0.0%.

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Relative ZHVI
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12116 Market Overview

Data through Aug 31, 2014
  • $102,700 ZHVI
  • No data 1-yr forecast
  • $165,900 Median listing price
  • No data Median sale price
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12116 Market Health

Data through Aug 31, 2014
  • 0.3/10 Less healthy What's This?  
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    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
  • 17.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
13820 $117,900    

Listings & Sales

Data through Aug 31, 2014
  • $90 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 31.8% Listings with price cut
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12116 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,434 12116
$1,328 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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