The story of this market
The typical home in ZIP 08003 sells for about $610,000, or $255 per square foot.
Prices are up +10.4% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $2,850 a month.
ZIP 08003 — Cherry Hill
The 08003 housing market is experiencing strong price appreciation and steady sales activity, driven by high demand and limited inventory. Median prices have seen double-digit year-over-year growth, reflecting the area's desirability for families and commuters. Some specific metrics like exact tax rates and detailed demographic breakdowns were not available at the ZIP level.
This ZIP is ideal for families and professionals seeking suburban living with access to high-quality schools and convenient commuting routes to Philadelphia.
Median prices moved up 10.4% year over year.
Homes spend a median of 40 days on market with 1.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 08003, Camden County NJ
The area is served by the Cherry Hill Public School District, which is generally well-regarded and a primary driver for family-oriented housing demand in the region.
The area benefits from its proximity to Philadelphia and major regional employment hubs, with steady demand for suburban residential housing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Residents typically commute to Philadelphia or nearby corporate centers in Camden County via major highway corridors like I-295 and the New Jersey Turnpike.
The area features numerous local parks, community centers, and proximity to major shopping destinations like the Cherry Hill Mall.
The rental market is characterized by high demand and rising prices, with a median rent of $2,850 per month.
The local economy is driven by retail, healthcare, and professional services, with significant employment spillover from the Philadelphia metropolitan area.
The area is highly dependent on personal vehicles, with access to major regional highways and limited public transit options compared to urban centers.
Development is primarily focused on residential infill and commercial revitalization within the established suburban footprint.
Parcels are subject to municipal, county, and school district tax levies.
Data retrieved from US Census Bureau and incomebyzipcode.com
A major regional shopping destination serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.