Real Estate Investing in Cherry Hill, New Jersey (08002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08002 (Cherry Hill, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Cherry Hill, NJ (08002)?
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Market Analysis: 08002 Cherry Hill
Not every below-median market is a bargain. Cherry Hill's 08002 ZIP clocks in at signals that favor experienced operators who can absorb the risk $446K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 08002 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 08002 offers a low basis, the region around Cherry Hill has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A resilient renter share of 32% in 08002 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 08002 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cherry Hill:
Property Strategy for 08002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $333,756 | $2,360 | 5.1% | +11.0% | $166,878 |
| 3BR | $414,069 | $2,830 | 4.9% | +10.7% | $138,023 |
| 4BR | $483,232 | $3,160 | 4.7% | +11.2% | $120,808 |
| 5BR | $536,600 | — | — | +11.0% | $107,320 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08002 Compare?
| Metric | 08002 | Cherry Hill | New Jersey |
|---|---|---|---|
| Home Value | $445,832 | $501,099 | $559,826 |
| 5-Year CAGR | 9.1% | 8.8% | 8.4% |
| Avg Rent | $2,170 | $2,478 | - |
| Cap Rate | 3.8% | 3.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 08002 (Cherry Hill, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $445,832 |
| Monthly Rent | $2,170 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -7.1% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 08002
Population: 23,574
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 08002
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Benjamin Franklin Elementary School
Camden County Technical School-Pennsauken
Collingswood Middle School
G.H. Carson Elementary School
Howard Yocum Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Cherry Hill, NJ?
Investors in Cherry Hill, NJ typically see rents near $2,170/mo per month against $446K home values - a solid setup for rental cash flow.
What is the rental occupancy rate in Cherry Hill, NJ?
Occupancy in Cherry Hill, NJ runs steady with elevated vacancy. Well-priced units at $2,170/mo lease on reasonable timelines.
How strong is Cherry Hill, NJ for real estate investors?
Cherry Hill, NJ rates 3.0/5 for investability. With median values at $446K and rents near $2,170/mo, the market offers reasonable fundamentals for rental investors.
Is Cherry Hill, NJ landlord-friendly?
NJ ranks as a tenant-protective state for landlord-tenant law. Cherry Hill generally follows the statewide framework, so landlords face reasonable operating rules.
What strategy should investors use in Cherry Hill, NJ?
Investors usually favor careful cash-flow rentals with hands-on management in Cherry Hill, NJ. With home values at $446K and rents near $2,170/mo, other strategies can work but produce reliable rather than outsized returns.
You know 08002 now. You don’t know where it ranks.
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How 08002 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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