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Merchantville borough, NJ

ZIP 08109 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08109

Median Home Value
$227,200
Median Rent
$1,033
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,459/mo PITI).

15%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.3 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 08109 in Merchantville borough, NJ, a household would need roughly $63,000 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 $1,459. That sits below the local median household income ($84,332), 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
72.4%+11% vs US avg
x
Vacancy Rate
5.3%-48% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
34.2%-31% vs US avg
x
Mortgage-Free
30.4%-21% vs US avg
x
$227,200
Home Value
$1,033
Rent
1959
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached63.5%
  • 1-unit attached10.8%
  • 2-9 units12.0%
  • 10+ units12.4%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$227,200
Median rent$1,033
Owner-occupied72.4%
Vacant5.3%
Price-to-income2.7x
Est. income to buy$63,000