08501 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

$361,400

  • -2.0% 1-year change
  • -0.2% 1-year forecast

The median home value in 08501 is $361,400. 08501 home values have declined -2.0% over the past year and Zillow predicts they will fall -0.2% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In 08501 4.0 homes are foreclosed (per 10,000). This is lower than the Upper Freehold Township value of 4.4 and also greater than the national value of 3.6

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 08501 homeowners underwater on their mortgage is 7.0%, which is higher than Upper Freehold Township at 6.8%.

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Relative ZHVI
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08501 Market Overview

Data through Jul 31, 2015
  • $361,400 ZHVI
  • -0.2% 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
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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08501 Market Health

Data through Jul 31, 2015
  • 2.1/10 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
  • 7.0% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI
08535 $521,800
08515 $388,500
08514 $365,300
Name Median ZHVI
08691 $340,700
08533 $299,400
08562 $269,200
Name Median ZHVI
08690 $238,600
08620 $220,400
08520 $213,200

Listings & Sales

  • No data
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08501 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,310 08501
    $2,536 Upper Freehold Township
    $1,376 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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