New Hanover Township, NJ—08511
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hanover Township, NJ
As of Oct '25, the median home price in New Hanover Township, NJ is $434,000, with a year-over-year change of 2.1%. This indicates that home prices in New Hanover Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 2.1% |
| Single Family | $434,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Hanover Township, NJ
New Hanover Township, NJ lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Hanover Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hanover Township, NJ is 30. This is a decrease of -62.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $900,000 | 109.0% |
Listing Count | 1 | -20.0% |
| Listings as % of Homes | 0.3% | -20.0% |
Days on Market | 30 | -62.0% |
Demographics — New Hanover Township, NJ
As of the latest ACS Survey released in 2023, New Hanover Township, NJ has a population of 885, which has increased by 2.1% over the past 5 years. New Hanover Township, NJ is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 885 | 2.1% |
% Under 18 | 23.7% | 43.6% |
% Seniors | 8.9% | -35.0% |
% WFH | 2.8% | -34.9% |
% w/ College Degree | 36.9% | 46.4% |
As of the latest ACS Survey released in 2023, New Hanover Township, NJ is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in New Hanover Township, NJ is hispanic, making up 27.2% of the population. Foreign-born residents account for 7.8% of the population in New Hanover Township, NJ, and this percentage has decreased by 20.4% 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 | 65.5% | -11.4% |
% Black | 5.3% | 0.0% |
% Hispanic | 27.2% | 45.5% |
% Asian | 1.9% | 111.1% |
% Foreign Born | 7.8% | -20.4% |
Mortgage and Risk — New Hanover Township, NJ
New Hanover Township, NJ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Hanover Township, NJ
New Hanover Township, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | N/A | N/A | $1,400 |
| 3 Bedroom | N/A | N/A | $1,690 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — New Hanover Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $434,000 |
| Median Household Income | $79,100 |