Somerdale, NJ—08083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Somerdale, NJ
As of Oct '25, the median home price in Somerdale, NJ is $339,000, with a year-over-year change of 2.9%. This indicates that home prices in Somerdale, 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 | $339,000 | 2.9% |
| Single Family | $341,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 3.3% |
3 Bed | $326,000 | 3.2% |
4 Bed | $394,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Somerdale, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Somerdale, NJ is 21. This is a decrease of -22.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | 13.0% |
Listing Count | 34 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 21 | -22.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Somerdale, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $339,000 |
| Median Household Income | $87,700 |