Delran Township, NJ—08075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delran Township, NJ
As of Oct '25, the median home price in Delran Township, NJ is $377,000, with a year-over-year change of 2.4%. This indicates that home prices in Delran Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | 2.4% |
| Single Family | $384,000 | 2.1% |
| Condos | $273,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 1.5% |
3 Bed | $366,000 | 3.1% |
4 Bed | $477,000 | 3.5% |
| 5 Bed | $498,000 | 3.1% |
% of Housing Stock
Rental Trends — Delran Township, NJ
As of July '25, Rentcast reports the average rent in Delran Township, NJ is $2,210, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Delran Township, NJ is studios: $2,400, 1-bedrooms: $1,490, 2-bedrooms: $1,950, 3-bedrooms: $2,670, 4-bedrooms: $2,980. The most common rental property sizes in Delran Township, NJ are 1-bedroom and 2-bedroom, accounting for 50.5% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,210 |
| Studio Rent | $2,400 | $2,400 |
| 1 Bed Rent | $1,400 | $1,490 |
| 2 Bed Rent | $1,890 | $1,950 |
| 3 Bed Rent | $2,650 | $2,670 |
| 4 Bed Rent | $2,750 | $2,980 |
% of Rental Stock
Property Listings — Delran Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Delran Township, NJ is 37. This is a increase of 11.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 5.0% |
Listing Count | 93 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 37 | 11.0% |
Demographics — Delran Township, NJ
As of the latest ACS Survey released in 2023, Delran Township, NJ has a population of 30,600, which has increased by 6.3% over the past 5 years. Delran Township, NJ is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,600 | 6.3% |
% Under 18 | 22.8% | 10.1% |
% Seniors | 16.0% | 12.7% |
% WFH | 10.2% | 183.3% |
% w/ College Degree | 38.3% | 20.8% |
As of the latest ACS Survey released in 2023, Delran Township, NJ is a predominantly white area, with 69.5% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Delran Township, NJ is black, making up 9.8% of the population. Foreign-born residents account for 12.6% of the population in Delran Township, NJ, and this percentage has increased by 12.5% 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 | 69.5% | -11.5% |
% Black | 9.8% | -4.9% |
% Hispanic | 9.3% | 75.5% |
% Asian | 3.3% | -2.9% |
% Foreign Born | 12.6% | 12.5% |
Mortgage and Risk — Delran Township, NJ
According to HUD data as of 2023, there were 583 mortgage originations in Delran Township, NJ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Delran Township, NJ. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 583 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Delran Township, NJ
As of 2024, the percent of homes in Delran Township, NJ under the Section 8 program is 1.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Delran Township, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,400 | $1,590 |
| 2 Bedroom | $10 | $1,890 | $1,900 |
| 3 Bedroom | -$360 | $2,650 | $2,290 |
| 4 Bedroom | -$150 | $2,750 | $2,600 |
Affordability — Delran Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $377,000 |
| Median Household Income | $94,600 |