Real Estate Investing in Cherry Hill, New Jersey (08034)
Should you buy in 08034 (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 (08034)?
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Market Analysis: 08034 Cherry Hill
The 08034 ZIP covers a section of Cherry Hill that demands careful diligence. Prices near $461K look accessible, but the work to make a deal cash flow is real.
The investment case in 08034 is notable only for operators who understand what they are buying. A $461K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NJ picture, 08034 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 08034 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.
Strategically, 08034 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 08034
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,996 | $2,120 | 5.8% | +11.6% | $132,498 |
| 3BR | $438,163 | $2,540 | 4.2% | +11.0% | $146,054 |
| 4BR | $532,463 | $2,840 | 3.8% | +10.6% | $133,116 |
| 5BR | $618,876 | — | — | +10.2% | $123,775 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08034 Compare?
| Metric | 08034 | Cherry Hill | New Jersey |
|---|---|---|---|
| Home Value | $461,359 | $492,480 | $559,826 |
| 5-Year CAGR | 9.5% | 9.3% | 8.4% |
| Avg Rent | $2,279 | $2,480 | - |
| Cap Rate | 3.9% | 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 08034 (Cherry Hill, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,359 |
| Monthly Rent | $2,279 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.9%). 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 08034
Population: 20,138
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 08034
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Van Sciver Elementary School
Avon Elementary School
Haddonfield Memorial High School
Henry C. Beck Middle School
James F. Cooper 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
Should investors worry about vacancy in Cherry Hill, NJ?
Cherry Hill, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
Is housing expensive in Cherry Hill, NJ?
Cherry Hill, NJ home values average about $461K. That price point suits investors targeting rentals with $2,279/mo in monthly income.
What do rentals go for in Cherry Hill, NJ?
Average rent in Cherry Hill, NJ is approximately $2,279/mo per month. Against $461K home values that yields a reasonable rent-to-price ratio.
Does house hacking make sense in Cherry Hill, NJ?
House hacking in Cherry Hill, NJ is reasonable to execute. Prices around $461K and rents of $2,279/mo solid owner-occupant economics.
Is Cherry Hill in NJ worth investing in?
Investors tracking Cherry Hill, NJ will find a 3.0/5 rating supported by $461K median home values and $2,279/mo rents. That profile suits long-term holders targeting even-keeled returns.
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