Real Estate Investing in Audubon, New Jersey (08106)
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Should you buy in 08106 (Audubon, 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 Audubon, NJ (08106)?
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Market Analysis: 08106 Audubon
The 08106 ZIP covers a section of Audubon that demands careful diligence. Prices near $396K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 08106 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 08106's metrics run below Camden County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 08106 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.
Strategy in 08106 is an operator game, not a passive one. On the rental side, entry prices of $396K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Audubon:
Property Strategy for 08106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $309,317 | $1,400 | 3.3% | +10.4% | $154,658 |
| 3BR | $374,631 | $1,680 | 3.2% | +10.9% | $124,877 |
| 4BR | $438,589 | $1,870 | 3.1% | +9.8% | $109,647 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08106 Compare?
| Metric | 08106 | Audubon | New Jersey |
|---|---|---|---|
| Home Value | $396,413 | $396,413 | $559,826 |
| 5-Year CAGR | 7.4% | 7.4% | 8.4% |
| Avg Rent | $1,710 | $1,710 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 08106 (Audubon, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $396,413 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.4%). 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 08106
Population: 9,678
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 08106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bell Oaks Upper Elementary School
Collingswood Middle School
Henry B. Wilson Family School
Lawnside School District
Mary E. Volz Elementary 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 646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Audubon, NJ suited for a house hack?
Audubon, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,710/mo rent level.
What is the typical rental rate in Audubon, NJ?
Rents in Audubon, NJ run near $1,710/mo. Compared with median home prices of $396K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Audubon, NJ?
Working renters make up the core of the Audubon, NJ tenant base. The pool is reasonable for investors targeting long-term holds.
Are eviction rules reasonable in Audubon, NJ?
The landlord environment in Audubon, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Where do home prices stand in Audubon, NJ?
In Audubon, NJ the median home value sits at $396K. Against the broader NJ market, that reads as reasonable for most investors.
You know 08106 now. You don’t know where it ranks.
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How 08106 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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