Gloucester City, NJ—08030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gloucester City, NJ
As of Oct '25, the median home price in Gloucester City, NJ is $234,000, with a year-over-year change of 1.8%. This indicates that home prices in Gloucester City, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 1.8% |
| Single Family | $235,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 4.0% |
3 Bed | $236,000 | 2.6% |
4 Bed | $275,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gloucester City, NJ
As of July '25, Rentcast reports the average rent in Gloucester City, NJ is $1,770, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Gloucester City, NJ is studios: $1,490, 1-bedrooms: $1,290, 2-bedrooms: $1,640, 3-bedrooms: $1,970, 4-bedrooms: $2,370. The most common rental property sizes in Gloucester City, NJ are 3-bedroom and 1-bedroom, accounting for 36.8% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,770 |
| Studio Rent | $1,490 | $1,490 |
| 1 Bed Rent | $1,500 | $1,290 |
| 2 Bed Rent | $1,650 | $1,640 |
| 3 Bed Rent | $1,950 | $1,970 |
| 4 Bed Rent | $2,400 | $2,370 |
% of Rental Stock
Property Listings — Gloucester City, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Gloucester City, NJ is 30. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -2.0% |
Listing Count | 59 | 1.0% |
| Listings as % of Homes | 0.8% | 1.0% |
Days on Market | 30 | -4.0% |
Demographics — Gloucester City, NJ
As of the latest ACS Survey released in 2023, Gloucester City, NJ has a population of 13,200, which has remained stable by -0.6% over the past 5 years. Gloucester City, NJ is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | -0.6% |
% Under 18 | 26.8% | 4.3% |
% Seniors | 14.5% | 36.8% |
% WFH | 6.5% | 209.5% |
% w/ College Degree | 19.6% | 5.9% |
As of the latest ACS Survey released in 2023, Gloucester City, NJ is a predominantly white area, with 68.0% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Gloucester City, NJ is hispanic, making up 18.3% of the population. Foreign-born residents account for 8.3% of the population in Gloucester City, NJ, and this percentage has increased by 38.3% 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 | 68.0% | -12.8% |
% Black | 8.0% | 77.8% |
% Hispanic | 18.3% | 60.5% |
% Asian | 5.1% | 18.6% |
% Foreign Born | 8.3% | 38.3% |
Mortgage and Risk — Gloucester City, NJ
According to HUD data as of 2023, there were 286 mortgage originations in Gloucester City, NJ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Gloucester City, NJ. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Gloucester City, NJ
As of 2024, the percent of homes in Gloucester City, NJ under the Section 8 program is 9.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Gloucester City, NJ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,500 | $1,600 |
| 2 Bedroom | $260 | $1,650 | $1,910 |
| 3 Bedroom | $350 | $1,950 | $2,300 |
| 4 Bedroom | $220 | $2,400 | $2,620 |
Affordability — Gloucester City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $234,000 |
| Median Household Income | $66,200 |