Real Estate Investing in West Deptford Township, New Jersey (08066)
Should you buy in 08066 (West Deptford Township, 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.
- High vacancy: 16.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.1% unemployment — tenant risk signal.
What’s happening in West Deptford Township, NJ (08066)?
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Market Analysis: 08066 West Deptford Township
ZIP 08066 inside Gloucester County looks affordable on the surface — median value of $243K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 08066 can be a an appealing option for hunting ground — but the discount at $243K reflects genuine risk that outside investors often underestimate.
The gap between 08066 and stronger West Deptford Township ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 08066 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 08066 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 West Deptford Township:
Property Strategy for 08066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,540 | $1,480 | 5.5% | +15.6% | $96,770 |
| 3BR | $248,200 | $1,770 | 5.1% | +14.6% | $82,733 |
| 4BR | $276,841 | $1,980 | 5.1% | +14.1% | $69,210 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08066 Compare?
| Metric | 08066 | West Deptford Township | New Jersey |
|---|---|---|---|
| Home Value | $242,790 | $303,372 | $559,826 |
| 5-Year CAGR | 11.1% | 9.5% | 8.4% |
| Avg Rent | $1,580 | $1,771 | - |
| Cap Rate | 5.1% | 4.6% | - |
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 08066 (West Deptford Township, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,790 |
| Monthly Rent | $1,580 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 16.1% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +11.1% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (5.1%). 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 08066
Population: 7,412
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 08066
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Red Bank 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 1,525 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in West Deptford Township, NJ?
Occupancy in West Deptford Township, NJ runs even-keeled with elevated vacancy. Well-priced units at $1,580/mo lease on reasonable timelines.
What is it like being a landlord in West Deptford Township, NJ?
The landlord environment in West Deptford Township, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How does West Deptford Township, NJ stack up for property investment?
With a 4.0/5 investability score, West Deptford Township, NJ ranks as a solid market for rental property investors. Median prices of $243K and rents of $1,580/mo drive the underlying numbers.
Is West Deptford Township, NJ good for house hacking?
West Deptford Township, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,580/mo rent level.
What is the average monthly rent in West Deptford Township, NJ?
The typical rental in West Deptford Township, NJ commands about $1,580/mo monthly. That rent profile stable cash flow against the $243K purchase basis.
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