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Cherry Hill Mall CDP, NJ

ZIP 08002 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08002

Median Home Value
$301,200
Median Rent
$1,685
Affordability Snapshot
$83,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,935/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08002 in Cherry Hill Mall CDP, NJ, a household would need roughly $83,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,935. That sits below the local median household income ($105,523), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.0%+2% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
15.9%-68% vs US avg
x
Mortgage-Free
37.9%-1% vs US avg
x
$301,200
Home Value
$1,685
Rent
1966
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached59.5%
  • 1-unit attached6.0%
  • 2-9 units7.0%
  • 10+ units26.1%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$301,200
Median rent$1,685
Owner-occupied67.0%
Vacant6.8%
Price-to-income2.9x
Est. income to buy$83,000