Hammonton, NJ—08037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hammonton, NJ
As of Oct '25, the median home price in Hammonton, NJ is $368,000, with a year-over-year change of 3.4%. This indicates that home prices in Hammonton, NJ are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 3.4% |
| Single Family | $375,000 | 3.9% |
| Condos | $232,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 4.6% |
3 Bed | $384,000 | 5.5% |
4 Bed | $495,000 | 5.5% |
| 5 Bed | $529,000 | 6.9% |
% of Housing Stock
Rental Trends — Hammonton, NJ
As of July '25, Rentcast reports the average rent in Hammonton, NJ is $1,950, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Hammonton, NJ is 1-bedrooms: $1,500, 2-bedrooms: $1,820, 3-bedrooms: $2,450, 4-bedrooms: $2,380. The most common rental property sizes in Hammonton, NJ are 2-bedroom and 1-bedroom, accounting for 40.0% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,500 |
| 2 Bed Rent | $1,750 | $1,820 |
| 3 Bed Rent | $2,400 | $2,450 |
| 4 Bed Rent | $2,200 | $2,380 |
% of Rental Stock
Property Listings — Hammonton, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hammonton, NJ is 51. This is a increase of 61.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 11.0% |
Listing Count | 69 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 51 | 61.0% |
Demographics — Hammonton, NJ
As of the latest ACS Survey released in 2023, Hammonton, NJ has a population of 23,400, which has decreased by -1.7% over the past 5 years. Hammonton, NJ is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | -1.7% |
% Under 18 | 19.0% | -9.5% |
% Seniors | 22.4% | 26.6% |
% WFH | 7.7% | 185.2% |
% w/ College Degree | 28.6% | 14.4% |
As of the latest ACS Survey released in 2023, Hammonton, NJ is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Hammonton, NJ is hispanic, making up 20.5% of the population. Foreign-born residents account for 8.1% of the population in Hammonton, NJ, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.1% | -4.4% |
% Black | 3.3% | -13.2% |
% Hispanic | 20.5% | 19.2% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 8.1% | -5.8% |
Mortgage and Risk — Hammonton, NJ
According to HUD data as of 2023, there were 452 mortgage originations in Hammonton, NJ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Hammonton, NJ. Investor activity is low, as 2.0% 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 | 452 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Hammonton, NJ
As of 2024, the percent of homes in Hammonton, NJ under the Section 8 program is 1.5%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hammonton, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,400 | $1,410 |
| 2 Bedroom | -$40 | $1,750 | $1,710 |
| 3 Bedroom | -$70 | $2,400 | $2,330 |
| 4 Bedroom | $390 | $2,200 | $2,590 |
Affordability — Hammonton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $368,000 |
| Median Household Income | $83,800 |