Pemberton Township, NJ—08068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pemberton Township, NJ
As of Oct '25, the median home price in Pemberton Township, NJ is $342,000, with a year-over-year change of 5.1%. This indicates that home prices in Pemberton Township, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 5.1% |
| Single Family | $343,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 3.1% |
3 Bed | $353,000 | 5.1% |
4 Bed | $395,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pemberton Township, NJ
As of July '25, Rentcast reports the average rent in Pemberton Township, NJ is $1,880, with a year-over-year rent change of -13.0%. Per bedroom, the median rent as of July '25 in Pemberton Township, NJ is 1-bedrooms: $1,190, 2-bedrooms: $1,900, 3-bedrooms: $2,000, 4-bedrooms: $3,000. The most common rental property sizes in Pemberton Township, NJ are 1-bedroom and 2-bedroom, accounting for 42.5% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,130 | $1,190 |
| 2 Bed Rent | $1,750 | $1,900 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Pemberton Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Pemberton Township, NJ is 76. This is a increase of 19.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -2.0% |
Listing Count | 30 | 17.0% |
| Listings as % of Homes | 1.0% | 17.0% |
Days on Market | 76 | 19.0% |
Demographics — Pemberton Township, NJ
As of the latest ACS Survey released in 2023, Pemberton Township, NJ has a population of 6,810, which has decreased by -5.2% over the past 5 years. Pemberton Township, NJ is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,810 | -5.2% |
% Under 18 | 19.6% | 3.7% |
% Seniors | 18.5% | 13.5% |
% WFH | 7.8% | 151.6% |
% w/ College Degree | 23.7% | 8.2% |
As of the latest ACS Survey released in 2023, Pemberton Township, NJ is a predominantly white area, with 51.1% of the population identifying as white. The white population has grown by 7.4% in the last 5 years. The second most common race or ethnicity in Pemberton Township, NJ is black, making up 24.0% of the population. Foreign-born residents account for 11.6% of the population in Pemberton Township, NJ, and this percentage has increased by 58.9% 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 | 51.1% | 7.4% |
% Black | 24.0% | -10.4% |
% Hispanic | 14.3% | -13.3% |
% Asian | 4.0% | 166.7% |
% Foreign Born | 11.6% | 58.9% |
Mortgage and Risk — Pemberton Township, NJ
According to HUD data as of 2023, there were 122 mortgage originations in Pemberton Township, NJ, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Pemberton Township, NJ. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 122 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pemberton Township, NJ
As of 2024, the percent of homes in Pemberton Township, NJ under the Section 8 program is 1.8%. 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 Pemberton Township, 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 | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,130 | $1,300 |
| 2 Bedroom | -$200 | $1,750 | $1,550 |
| 3 Bedroom | -$130 | $2,000 | $1,870 |
| 4 Bedroom | -$880 | $3,000 | $2,120 |
Affordability — Pemberton Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $342,000 |
| Median Household Income | $79,600 |