Runnemede, NJ—08078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Runnemede, NJ
As of Oct '25, the median home price in Runnemede, NJ is $314,000, with a year-over-year change of 4.6%. This indicates that home prices in Runnemede, 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 | $314,000 | 4.6% |
| Single Family | $314,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $269,000 | 6.3% |
3 Bed | $324,000 | 4.5% |
4 Bed | $342,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Runnemede, NJ
As of July '25, Rentcast reports the average rent in Runnemede, NJ is $1,900, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Runnemede, NJ is studios: $1,100, 1-bedrooms: $1,300, 2-bedrooms: $1,830, 3-bedrooms: $2,700, 4-bedrooms: $3,000. The most common rental property sizes in Runnemede, NJ are 1-bedroom and 2-bedroom, accounting for 48.5% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,900 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,250 | $1,300 |
| 2 Bed Rent | $1,900 | $1,830 |
| 3 Bed Rent | $2,800 | $2,700 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Runnemede, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Runnemede, NJ is 16. This is a decrease of -8.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | 4.0% |
Listing Count | 35 | 86.0% |
| Listings as % of Homes | 0.3% | 86.0% |
Days on Market | 16 | -8.0% |
Demographics — Runnemede, NJ
As of the latest ACS Survey released in 2023, Runnemede, NJ has a population of 8,060, which has decreased by -3.1% over the past 5 years. Runnemede, NJ is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,060 | -3.1% |
% Under 18 | 19.8% | -9.6% |
% Seniors | 14.9% | 3.5% |
% WFH | 10.3% | 128.9% |
% w/ College Degree | 25.4% | -5.2% |
As of the latest ACS Survey released in 2023, Runnemede, NJ is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Runnemede, NJ is hispanic, making up 13.0% of the population. Foreign-born residents account for 7.3% of the population in Runnemede, NJ, and this percentage has decreased by 7.6% 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 | 75.4% | -1.0% |
% Black | 6.1% | -25.6% |
% Hispanic | 13.0% | 18.2% |
% Asian | 2.8% | -28.2% |
% Foreign Born | 7.3% | -7.6% |
Mortgage and Risk — Runnemede, NJ
According to HUD data as of 2023, there were 170 mortgage originations in Runnemede, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Runnemede, NJ. Investor activity is low, as 1.0% 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 | 170 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Runnemede, NJ
As of 2024, the percent of homes in Runnemede, NJ under the Section 8 program is 1.4%. 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 Runnemede, 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 | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,250 | $1,360 |
| 2 Bedroom | -$280 | $1,900 | $1,620 |
| 3 Bedroom | -$850 | $2,800 | $1,950 |
| 4 Bedroom | -$780 | $3,000 | $2,220 |
Affordability — Runnemede, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $314,000 |
| Median Household Income | $97,900 |