Real Estate Investing in Runnemede, New Jersey (08078)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08078 (Runnemede, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Runnemede, NJ (08078)?
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Market Analysis: 08078 Runnemede
The 08078 ZIP covers a section of Runnemede that demands careful diligence. Prices near $327K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $327K purchase price, 0.0% nominal cap — the work to hit that pro forma in 08078 is substantial and deserves full respect.
Nearby ZIPs in Runnemede have seen price recovery that 08078 has not matched. Camden County data supports the view that the spread is structural rather than temporary.
Demographically, 08078 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 08078 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 Runnemede:
Property Strategy for 08078
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,705 | $1,690 | 4.5% | +13.7% | $134,353 |
| 3BR | $323,522 | $2,030 | 4.5% | +12.2% | $107,841 |
| 4BR | $342,318 | $2,260 | 4.8% | +12.0% | $85,579 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08078 Compare?
| Metric | 08078 | Runnemede | New Jersey |
|---|---|---|---|
| Home Value | $326,843 | $326,843 | $559,826 |
| 5-Year CAGR | 8.3% | 8.3% | 8.4% |
| Avg Rent | $2,400 | $2,400 | - |
| Cap Rate | 5.7% | 5.7% | - |
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 08078 (Runnemede, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $326,843 |
| Monthly Rent | $2,400 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (5.7%). 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 08078
Population: 8,058
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 08078
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Audubon Junior/Senior High School
Bell Oaks Upper Elementary School
Lawnside School District
Magnolia
Mansion Avenue School
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 3,779 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Runnemede, NJ?
Rents in Runnemede, NJ run near $2,400/mo. Compared with median home prices of $327K that produces solid gross yields for typical rentals.
Which real estate strategy fits Runnemede, NJ?
Investors usually favor careful cash-flow rentals with hands-on management in Runnemede, NJ. With home values at $327K and rents near $2,400/mo, other strategies can work but produce measured rather than outsized returns.
What is the average home sale price in Runnemede, NJ?
Homes in Runnemede, NJ typically sell near $327K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is rental property easy to operate in Runnemede, NJ?
Runnemede, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect stable treatment in typical lease and eviction cases.
Can owner-occupants cash flow in Runnemede, NJ?
House hacking works a challenging in Runnemede, NJ. Rents of $2,400/mo against $327K acquisition make the strategy solid for owner-occupants.
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