Real Estate Investing in Millville, New Jersey (08332)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08332 (Millville, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Millville, NJ (08332)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08332 Millville
This part of Cumberland County is not an easy win. The 08332 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Stepping back, the numbers look inviting — $264K purchase price, 0.0% nominal cap — the work to hit that pro forma in 08332 is substantial and deserves full respect.
ZIP 08332's metrics run below Cumberland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 32% in 08332 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Millville's stable or hybrid ZIPs before stepping into 08332. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Millville:
Property Strategy for 08332
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $126,086 | $1,340 | 7.7% | +17.7% | $126,086 |
| 2BR | $192,746 | $1,630 | 6.1% | +16.0% | $96,373 |
| 3BR | $268,736 | $2,240 | 6.0% | +13.3% | $89,579 |
| 4BR | $338,941 | $2,250 | 4.8% | +12.6% | $84,735 |
| 5BR | $328,741 | — | — | +13.4% | $65,748 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08332 Compare?
| Metric | 08332 | Millville | Vineland-Bridgeton, NJ | New Jersey |
|---|---|---|---|---|
| Home Value | $263,554 | $263,554 | N/A | $559,826 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 8.4% |
| Avg Rent | $1,652 | $1,652 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
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 08332 (Millville, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,554 |
| Monthly Rent | $1,652 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 08332
Population: 35,214
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 08332
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 797 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Millville, NJ?
The median home value in Millville, NJ is roughly $264K. That puts it reasonable relative to the NJ statewide average.
What kind of vacancy should I budget for in Millville, NJ?
Occupancy in Millville, NJ runs measured with elevated vacancy. Well-priced units at $1,652/mo lease on reasonable timelines.
Is Millville, NJ a smart market for rental property?
With a 3.0/5 investability score, Millville, NJ ranks as a solid market for rental property investors. Median prices of $264K and rents of $1,652/mo drive the underlying numbers.
Is Millville, NJ landlord-friendly?
NJ law tenant-protective for landlords, and Millville inherits those rules. Investors should still review local ordinances for rental licensing.
How qualified is the tenant pool in Millville, NJ?
Expect a solid tenant pool in Millville, NJ. The rental market absorbs $1,652/mo rents without meaningful friction.
You know 08332 now. You don’t know where it ranks.
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How 08332 ranks in Vineland-Bridgeton, NJ
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