Real Estate Investing in Cherry Hill, New Jersey (08003)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08003 (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 (08003)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08003 Cherry Hill
ZIP 08003 in Cherry Hill, NJ carries a sturdy set of headwinds. Home values near $588K and rents of $2,784/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 08003 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Cherry Hill have seen price recovery that 08003 has not matched. Camden County data supports the view that the spread is structural rather than temporary.
The demographic picture in 08003 includes headwinds that any investor should price in. Income distribution skews lower than Cherry Hill averages, and tenant stability requires active management.
Strategically, 08003 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cherry Hill:
Property Strategy for 08003
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $275,666 | $2,580 | 6.7% | +10.2% | $137,833 |
| 3BR | $461,748 | $3,090 | 4.8% | +10.6% | $153,916 |
| 4BR | $617,534 | $3,450 | 4.0% | +10.9% | $154,383 |
| 5BR | $706,361 | — | — | +10.7% | $141,272 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08003 Compare?
| Metric | 08003 | Cherry Hill | New Jersey |
|---|---|---|---|
| Home Value | $587,692 | $501,099 | $559,826 |
| 5-Year CAGR | 8.4% | 8.8% | 8.4% |
| Avg Rent | $2,784 | $2,478 | - |
| Cap Rate | 3.7% | 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 08003 (Cherry Hill, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $587,692 |
| Monthly Rent | $2,784 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 08003
Population: 31,929
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 08003
Schools in This ZIP Code
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 1,734 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does a duplex house hack pencil in Cherry Hill, NJ?
For house hackers, Cherry Hill, NJ is a challenging. The $2,784/mo rent on a unit helps defray the mortgage on a $588K property.
Is vacancy a concern in Cherry Hill, NJ?
Rental vacancy in Cherry Hill, NJ is elevated. Investors should budget normal turnover but not chronic empty units.
Is housing expensive in Cherry Hill, NJ?
Cherry Hill, NJ median home values land near $588K. That is reasonable territory for investors looking at $2,784/mo-per-month rentals.
What monthly rent should investors expect in Cherry Hill, NJ?
Rental rates in Cherry Hill, NJ average $2,784/mo. Tenant demand and $588K home values make the yield look reasonable by investor standards.
How landlord-friendly is Cherry Hill, NJ?
The landlord environment in Cherry Hill, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 08003 now. You don’t know where it ranks.
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How 08003 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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