Real Estate Investing in Pennsville, New Jersey (08070)
Should you buy in 08070 (Pennsville, 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: 10.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
What’s happening in Pennsville, NJ (08070)?
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Market Analysis: 08070 Pennsville
Investors eyeing 08070 need to respect the fundamentals at play. Home values of $277K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $277K asset, 08070 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 08070's metrics run below Salem County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A durable renter share of 22% in 08070 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 08070 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Pennsville:
Property Strategy for 08070
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,220 | $1,620 | 5.6% | +13.6% | $104,610 |
| 3BR | $274,870 | $1,940 | 5.1% | +12.4% | $91,623 |
| 4BR | $315,139 | $2,170 | 5.0% | +11.6% | $78,785 |
Market Trends
Home Value History (with trend line)
📊 How Does 08070 Compare?
| Metric | 08070 | Pennsville | New Jersey |
|---|---|---|---|
| Home Value | $276,506 | $276,506 | $559,826 |
| 5-Year CAGR | 9.4% | 9.4% | 8.4% |
| Avg Rent | $1,458 | $1,458 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 08070 (Pennsville, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,506 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 13.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.1%). 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 08070
Population: 12,477
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 08070
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
Frequently Asked Questions
What is the median home value in Pennsville, NJ?
Expect median prices around $277K in Pennsville, NJ. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is NJ a landlord-friendly state?
Landlord-friendliness in Pennsville, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Pennsville, NJ?
Expect a solid tenant pool in Pennsville, NJ. The rental market absorbs $1,458/mo rents without meaningful friction.
Does house hacking make sense in Pennsville, NJ?
House hacking in Pennsville, NJ is reasonable to execute. Prices around $277K and rents of $1,458/mo solid owner-occupant economics.
Should investors consider Pennsville, NJ?
With a 3.0/5 investability score, Pennsville, NJ ranks as a solid market for rental property investors. Median prices of $277K and rents of $1,458/mo drive the underlying numbers.
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