Home Values

Wharton 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

$262,400

  • 6.1% 1-year change
  • 1.5% 1-year forecast

The median home value in Wharton is $262,400. Wharton home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.5% within the next year. The median price of homes currently listed in Wharton is $249,000. The median rent price in Wharton is $1,980, which is lower than the New York Metro median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In Wharton 3.6 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower than the national value of 4.5

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 Wharton is 16.3%, 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 Wharton homeowners underwater on their mortgage is 23.6%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Wharton Market Overview

Data through Oct 31, 2014
  • $262,400 ZHVI
  • 1.5% 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
    (Oct 31, 2015)
  • $249,000 Median listing price
  • No data Median sale price
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Wharton Market Health

Data through Oct 31, 2014
  • 2.2/10 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
  • 23.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.6 homes(Sep 30, 2014) Wharton
1.5 homes New York Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Randolph $481,200
Denville $382,300
Succasunna $353,300
Name Median ZHVI
Mount Arlington $302,200
Jefferson Township $284,300
Roxbury Township $275,100
Name Median ZHVI
Dover $269,800
Mine Hill $260,600
Hopatcong $193,700

Listings & Sales

Data through Oct 31, 2014
  • $173 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.1% Listings with price cut
9.1%
Sold below listing
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Wharton Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,144 Wharton
    $2,343 New York Metro
    $1,337 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,980 Rent list price
  • $1.78 Rent list price / sq ft
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