Home Values

29847 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

$79,200

  • 31.8% 1-year change
  • 10.4% 1-year forecast

The median home value in 29847 is $79,200. 29847 home values have gone up 31.8% over the past year and Zillow predicts they will rise 10.4% within the next year. The median price of homes currently listed in 29847 is $165,000.

Foreclosures will be a factor impacting home values in the next several years. In 29847 4.9 homes are foreclosed (per 10,000). This is the same as the Trenton value of 4.9 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 29847 is 7.5%, which is higher 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 29847 homeowners underwater on their mortgage is 22.3%, which is the same as Trenton at 22.3%.

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Relative ZHVI
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29847 Market Overview

Data through Jan 31, 2015
  • $79,200 ZHVI
  • 10.4% 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
    (Jan 31, 2016)
  • $165,000 Median listing price
  • No data Median sale price
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29847 Market Health

Data through Jan 31, 2015
  • 8.8/10 Very 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 22.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
29860 $155,900
29841 $101,200
29805 $89,200
Name Median ZHVI
29829 $89,000
29801 $77,300
29129 $75,400
Name Median ZHVI
29842 $66,900
29851 $61,900
 

Listings & Sales

Data through Jan 31, 2015
  • $81 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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29847 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $840 29847
    $833 Trenton
    $1,350 United States

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

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