Cherry Hill, NJ—08034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Hill, NJ
As of Oct '25, the median home price in Cherry Hill, NJ is $434,000, with a year-over-year change of 2.7%. This indicates that home prices in Cherry Hill, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 2.7% |
| Single Family | $462,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 3.9% |
3 Bed | $438,000 | 3.5% |
4 Bed | $532,000 | 2.3% |
| 5 Bed | $619,000 | 1.3% |
% of Housing Stock
Rental Trends — Cherry Hill, NJ
As of July '25, Rentcast reports the average rent in Cherry Hill, NJ is $2,520, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Cherry Hill, NJ is studios: $2,120, 1-bedrooms: $1,630, 2-bedrooms: $2,170, 3-bedrooms: $3,030, 4-bedrooms: $3,990. The most common rental property sizes in Cherry Hill, NJ are 2-bedroom and 1-bedroom, accounting for 43.1% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,520 |
| Studio Rent | $1,630 | $2,120 |
| 1 Bed Rent | $1,650 | $1,630 |
| 2 Bed Rent | $2,300 | $2,170 |
| 3 Bed Rent | $3,000 | $3,030 |
| 4 Bed Rent | $4,000 | $3,990 |
% of Rental Stock
Property Listings — Cherry Hill, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherry Hill, NJ is 30. This is a decrease of -9.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $434,000 | 3.0% |
Listing Count | 65 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 30 | -9.0% |
Demographics — Cherry Hill, NJ
As of the latest ACS Survey released in 2023, Cherry Hill, NJ has a population of 20,100, which has increased by 9.2% over the past 5 years. Cherry Hill, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 9.2% |
% Under 18 | 19.1% | -12.8% |
% Seniors | 21.8% | 17.8% |
% WFH | 16.8% | 223.1% |
% w/ College Degree | 53.5% | -0.4% |
As of the latest ACS Survey released in 2023, Cherry Hill, NJ is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Cherry Hill, NJ is hispanic, making up 10.4% of the population. Foreign-born residents account for 16.2% of the population in Cherry Hill, NJ, and this percentage has increased by 37.3% 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 | 67.7% | -5.3% |
% Black | 7.3% | -5.2% |
% Hispanic | 10.4% | 5.1% |
% Asian | 8.8% | 1.1% |
% Foreign Born | 16.2% | 37.3% |
Mortgage and Risk — Cherry Hill, NJ
According to HUD data as of 2023, there were 325 mortgage originations in Cherry Hill, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Cherry Hill, NJ. Investor activity is low, as 0.0% 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 | 325 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cherry Hill, NJ
As of 2024, the percent of homes in Cherry Hill, NJ under the Section 8 program is 1.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Cherry Hill, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,650 | $1,800 |
| 2 Bedroom | -$150 | $2,300 | $2,150 |
| 3 Bedroom | -$410 | $3,000 | $2,590 |
| 4 Bedroom | -$1,060 | $4,000 | $2,940 |
Affordability — Cherry Hill, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $434,000 |
| Median Household Income | $111,000 |