Somerdale, NJ 08083 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Somerdale, NJ—08083

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$354,000

4.8% YoY Growth

Household Income

$87,700

14.6% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$2,020

7.9% YoY Growth

1-Bed Rent

$1,260

14.6% YoY Growth

2-Bed Rent

$1,950

8.8% YoY Growth

3-Bed Rent

$2,800

5.7% YoY Growth

Home Price Trends — Somerdale, NJ

As of May '26, the median home price in Somerdale, NJ is $354,000, with a year-over-year change of 4.8%. This indicates that home prices in Somerdale, NJ are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$354,000	4.8%
Single Family	$356,000	5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Somerdale, NJ

As of July '25, Rentcast reports the average rent in Somerdale, NJ is $2,190, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Somerdale, NJ is 1-bedrooms: $1,400, 2-bedrooms: $1,980, 3-bedrooms: $2,790. The most common rental property sizes in Somerdale, NJ are 1-bedroom and 2-bedroom, accounting for 53.8% and 32.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,020	$2,190
Studio Rent	N/A	N/A
1 Bed Rent	$1,260	$1,400
2 Bed Rent	$1,950	$1,980
3 Bed Rent	$2,800	$2,790
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.1%

1 Bedroom

53.8%

2 Bedrooms

32.0%

3 Bedrooms

9.1%

4 Bedrooms

3.1%

Property Listings — Somerdale, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Somerdale, NJ is 13. This is a decrease of -17.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$360,000	13.0%
Listing Count	35	1.0%
Listings as % of Homes	0.5%	1.0%
Days on Market	13	-17.0%

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Demographics — Somerdale, NJ

As of the latest ACS Survey released in 2023, Somerdale, NJ has a population of 9,630, which has remained stable by -1.0% over the past 5 years. Somerdale, NJ is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,630	-1.0%
% Under 18	20.4%	19.3%
% Seniors	19.6%	21.0%
% WFH	13.2%	371.4%
% w/ College Degree	28.2%	-4.7%

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As of the latest ACS Survey released in 2023, Somerdale, NJ is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Somerdale, NJ is black, making up 19.6% of the population. Foreign-born residents account for 8.1% of the population in Somerdale, NJ, and this percentage has increased by 32.8% 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	64.3%	-7.9%
% Black	19.6%	21.0%
% Hispanic	8.3%	-3.5%
% Asian	3.8%	22.6%
% Foreign Born	8.1%	32.8%

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Mortgage and Risk — Somerdale, NJ

According to HUD data as of 2023, there were 210 mortgage originations in Somerdale, NJ, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Somerdale, NJ. Investor activity is low, as 1.0% 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	210
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Somerdale, NJ

Somerdale, NJ lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	36
Total Units Section 8	36
% Rentals under Section 8	4.0%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$1,260	$1,360
2 Bedroom	-$330	$1,950	$1,620
3 Bedroom	-$850	$2,800	$1,950
4 Bedroom	N/A	N/A	$2,220

Somerdale, NJ—08083

Key Metrics at a Glance

Home Price Trends — Somerdale, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Somerdale, NJ

% of Rental Stock

Property Listings — Somerdale, NJ

Demographics — Somerdale, NJ

Race and Ethnicity

Mortgage and Risk — Somerdale, NJ

Mortgages

Rentals and Section 8 — Somerdale, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Somerdale, NJ

Home Price to Income Ratio

Somerdale, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Magnolia, NJ

Stratford, NJ

Lawnside, NJ

Barrington, NJ

Glendora, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$354,000
Median Household Income	$87,700

Somerdale, NJ—08083

Key Metrics at a Glance

Home Price Trends — Somerdale, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Somerdale, NJ

% of Rental Stock

Property Listings — Somerdale, NJ

Demographics — Somerdale, NJ

Race and Ethnicity

Mortgage and Risk — Somerdale, NJ

Mortgages

Rentals and Section 8 — Somerdale, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Somerdale, NJ

Home Price to Income Ratio

Somerdale, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Magnolia, NJ

Stratford, NJ

Lawnside, NJ

Barrington, NJ

Glendora, NJ

Frequently Asked Questions

What is the average home price in Somerdale, NJ 08083?

How have home prices in Somerdale, NJ 08083 changed over the past year?

What is the home price projection for Somerdale, NJ 08083?

What are the demographics of Somerdale, NJ 08083?

How long does it take homes to sell in Somerdale, NJ 08083?

What is the average rent price in Somerdale, NJ 08083?