Home Values

08361 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

$176,800

  • 3.9% 1-year change
  • 0.9% 1-year forecast

The median home value in 08361 is $176,800. 08361 home values have gone up 3.9% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in 08361 is $106, which is higher than the Vineland average of $99. The median price of homes currently listed in 08361 is $190,000 while the median price of homes that sold is $171,385. The median rent price in 08361 is $1,150, which is the same as the Vineland median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In 08361 4.0 homes are foreclosed (per 10,000). This is lower than the Vineland value of 6.2 and also the same as 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 08361 is 12.6%, 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 08361 homeowners underwater on their mortgage is 22.7%, which is lower than Vineland at 26.2%.

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Relative ZHVI
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08361 Market Overview

Data through Jan 31, 2015
  • $176,800 ZHVI
  • 0.9% 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)
  • $190,000 Median listing price
  • No recent data Median sale price
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08361 Market Health

Data through Jan 31, 2015
  • 1.1/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 22.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 12.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4 homes(Dec 31, 2014) 08361
6.2 homes(Dec 31, 2014) Vineland
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
08317 $176,500
08319 $171,200
08344 $164,400
Name Median ZHVI
08310 $163,900
08328 $155,400
08326 $151,000
Name Median ZHVI
08341 $140,600
08360 $138,900
08332 $119,000

Listings & Sales

Data through Jan 31, 2015
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
14.0%
Sold below listing
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08361 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,505 08361
    $1,302 Vineland
    $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

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • $1.00 Rent list price / sq ft
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