Merchantville, NJ—08109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merchantville, NJ
As of Oct '25, the median home price in Merchantville, NJ is $341,000, with a year-over-year change of 4.4%. This indicates that home prices in Merchantville, NJ are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 4.4% |
| Single Family | $343,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 4.7% |
3 Bed | $339,000 | 4.3% |
4 Bed | $383,000 | 3.8% |
| 5 Bed | $438,000 | 3.5% |
% of Housing Stock
Rental Trends — Merchantville, NJ
As of July '25, Rentcast reports the average rent in Merchantville, NJ is $1,860, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Merchantville, NJ is studios: $1,380, 1-bedrooms: $1,620, 2-bedrooms: $2,140, 3-bedrooms: $2,640, 4-bedrooms: $2,200. The most common rental property sizes in Merchantville, NJ are 1-bedroom and 2-bedroom, accounting for 39.5% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,860 |
| Studio Rent | $1,370 | $1,380 |
| 1 Bed Rent | $1,540 | $1,620 |
| 2 Bed Rent | $2,000 | $2,140 |
| 3 Bed Rent | $2,600 | $2,640 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Merchantville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Merchantville, NJ is 35. This is a increase of 9.0% 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 | $345,000 | -4.0% |
Listing Count | 71 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 35 | 9.0% |
Demographics — Merchantville, NJ
As of the latest ACS Survey released in 2023, Merchantville, NJ has a population of 24,000, which has increased by 7.2% over the past 5 years. Merchantville, NJ is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 7.2% |
% Under 18 | 22.3% | 0.5% |
% Seniors | 17.5% | 4.8% |
% WFH | 14.8% | 604.8% |
% w/ College Degree | 26.8% | 4.7% |
As of the latest ACS Survey released in 2023, Merchantville, NJ is a predominantly white area, with 38.6% of the population identifying as white. The white population has shrunk by 24.2% in the last 5 years. The second most common race or ethnicity in Merchantville, NJ is hispanic, making up 30.5% of the population. Foreign-born residents account for 11.7% of the population in Merchantville, NJ, and this percentage has increased by 8.3% 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 | 38.6% | -24.2% |
% Black | 18.9% | 9.9% |
% Hispanic | 30.5% | 22.5% |
% Asian | 9.0% | 47.5% |
% Foreign Born | 11.7% | 8.3% |
Mortgage and Risk — Merchantville, NJ
According to HUD data as of 2023, there were 436 mortgage originations in Merchantville, NJ, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Merchantville, NJ. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Merchantville, NJ
As of 2024, the percent of homes in Merchantville, NJ under the Section 8 program is 21.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Merchantville, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 670 |
Total Units Section 8 | 524 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,540 | $1,360 |
| 2 Bedroom | -$380 | $2,000 | $1,620 |
| 3 Bedroom | -$650 | $2,600 | $1,950 |
| 4 Bedroom | $20 | $2,200 | $2,220 |
Affordability — Merchantville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $341,000 |
| Median Household Income | $84,300 |