Glassboro, NJ—08028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glassboro, NJ
As of Oct '25, the median home price in Glassboro, NJ is $358,000, with a year-over-year change of 1.9%. This indicates that home prices in Glassboro, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | 1.9% |
| Single Family | $360,000 | 1.7% |
| Condos | $253,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 1.5% |
3 Bed | $351,000 | 2.6% |
4 Bed | $401,000 | 2.6% |
| 5 Bed | $383,000 | 1.9% |
% of Housing Stock
Rental Trends — Glassboro, NJ
As of July '25, Rentcast reports the average rent in Glassboro, NJ is $2,650, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Glassboro, NJ is 1-bedrooms: $1,530, 2-bedrooms: $1,810, 3-bedrooms: $2,590, 4-bedrooms: $2,640. The most common rental property sizes in Glassboro, NJ are 2-bedroom and 1-bedroom, accounting for 40.3% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,530 |
| 2 Bed Rent | $1,700 | $1,810 |
| 3 Bed Rent | $2,800 | $2,590 |
| 4 Bed Rent | $2,700 | $2,640 |
% of Rental Stock
Property Listings — Glassboro, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Glassboro, NJ is 56. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 5.0% |
Listing Count | 65 | -30.0% |
| Listings as % of Homes | 0.6% | -30.0% |
Days on Market | 56 | 25.0% |
Demographics — Glassboro, NJ
As of the latest ACS Survey released in 2023, Glassboro, NJ has a population of 24,800, which has increased by 18.6% over the past 5 years. Glassboro, NJ is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | 18.6% |
% Under 18 | 13.4% | -27.6% |
% Seniors | 15.0% | 26.1% |
% WFH | 12.8% | 255.6% |
% w/ College Degree | 40.4% | 18.1% |
As of the latest ACS Survey released in 2023, Glassboro, NJ is a predominantly white area, with 60.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Glassboro, NJ is black, making up 18.7% of the population. Foreign-born residents account for 8.9% of the population in Glassboro, NJ, and this percentage has increased by 50.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.8% | -5.4% |
% Black | 18.7% | -7.0% |
% Hispanic | 10.4% | 7.2% |
% Asian | 7.1% | 102.9% |
% Foreign Born | 8.9% | 50.8% |
Mortgage and Risk — Glassboro, NJ
According to HUD data as of 2023, there were 268 mortgage originations in Glassboro, NJ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Glassboro, NJ. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Glassboro, NJ
As of 2024, the percent of homes in Glassboro, NJ under the Section 8 program is 28.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Glassboro, NJ, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 936 |
Total Units Section 8 | 936 |
% Rentals under Section 8 | 28.6% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,580 | $1,760 |
| 2 Bedroom | $400 | $1,700 | $2,100 |
| 3 Bedroom | -$270 | $2,800 | $2,530 |
| 4 Bedroom | $180 | $2,700 | $2,880 |
Affordability — Glassboro, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $358,000 |
| Median Household Income | $82,000 |