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Florence CDP, NJ

ZIP 08518 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08518

Median Home Value
$287,900
Median Rent
$1,124
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,849/mo PITI).

13%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.3 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 08518 in Florence CDP, NJ, a household would need roughly $79,000 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 $1,849. That sits below the local median household income ($102,321), 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
70.0%+7% vs US avg
x
Vacancy Rate
4.1%-61% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
4.2%-68% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
24.1%-51% vs US avg
x
Mortgage-Free
23.8%-38% vs US avg
x
$287,900
Home Value
$1,124
Rent
1972
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached59.8%
  • 1-unit attached14.7%
  • 2-9 units23.0%
  • 10+ units1.9%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$287,900
Median rent$1,124
Owner-occupied70.0%
Vacant4.1%
Price-to-income2.8x
Est. income to buy$79,000