Pennsauken, NJ—08110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pennsauken, NJ
As of Oct '25, the median home price in Pennsauken, NJ is $285,000, with a year-over-year change of 5.0%. This indicates that home prices in Pennsauken, NJ are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 5.0% |
| Single Family | $285,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 4.6% |
3 Bed | $293,000 | 6.5% |
4 Bed | $329,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pennsauken, NJ
As of July '25, Rentcast reports the average rent in Pennsauken, NJ is $2,290, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Pennsauken, NJ is 1-bedrooms: $1,990, 2-bedrooms: $2,260, 3-bedrooms: $2,820, 4-bedrooms: $3,120. The most common rental property sizes in Pennsauken, NJ are 1-bedroom and 3-bedroom, accounting for 45.6% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,230 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $1,990 |
| 2 Bed Rent | $2,390 | $2,260 |
| 3 Bed Rent | $2,600 | $2,820 |
| 4 Bed Rent | $3,250 | $3,120 |
% of Rental Stock
Property Listings — Pennsauken, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Pennsauken, NJ is 43. This is a increase of 29.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 2.0% |
Listing Count | 47 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 43 | 29.0% |
Demographics — Pennsauken, NJ
As of the latest ACS Survey released in 2023, Pennsauken, NJ has a population of 19,000, which has increased by 1.9% over the past 5 years. Pennsauken, NJ is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 1.9% |
% Under 18 | 24.2% | -3.2% |
% Seniors | 13.8% | 26.6% |
% WFH | 7.2% | 500.0% |
% w/ College Degree | 20.0% | 21.2% |
As of the latest ACS Survey released in 2023, Pennsauken, NJ is a predominantly hispanic area, with 46.1% of the population identifying as hispanic. The hispanic population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Pennsauken, NJ is black, making up 34.6% of the population. Foreign-born residents account for 27.6% of the population in Pennsauken, NJ, and this percentage has increased by 40.8% 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 | 13.5% | -16.7% |
% Black | 34.6% | 3.9% |
% Hispanic | 46.1% | 2.2% |
% Asian | 6.9% | -15.9% |
% Foreign Born | 27.6% | 40.8% |
Mortgage and Risk — Pennsauken, NJ
According to HUD data as of 2023, there were 229 mortgage originations in Pennsauken, NJ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Pennsauken, NJ. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Pennsauken, NJ
As of 2024, the percent of homes in Pennsauken, NJ under the Section 8 program is 9.2%. 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. In Pennsauken, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$750 | $2,100 | $1,350 |
| 2 Bedroom | -$780 | $2,390 | $1,610 |
| 3 Bedroom | -$660 | $2,600 | $1,940 |
| 4 Bedroom | -$1,040 | $3,250 | $2,210 |
Affordability — Pennsauken, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $285,000 |
| Median Household Income | $81,300 |