The story of this market
The typical home in ZIP 08240 sells for about $264,800, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 08240 — Pomona
The Pomona housing market remains stable with low inventory and steady demand, supported by its proximity to major institutional employers. While price growth is modest, the market is balanced, reflecting a consistent preference for suburban living in the Atlantic City metro area.
This ZIP is ideal for families and professionals seeking a quieter, semi-rural lifestyle while remaining within a short drive of major regional employment centers and the coast.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 18.8% · poverty 0.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 08240, Atlantic County NJ
Pomona is a relatively quiet, semi-rural community that generally experiences lower crime rates compared to the more urbanized centers of Atlantic City and Pleasantville.
Schools serving the area are part of the Galloway Township and Greater Egg Harbor Regional school districts, which generally maintain average performance ratings.
The area is subject to standard regional flood risks associated with the coastal plain and requires standard property insurance coverage for wind and storm events.
Economic momentum is driven by proximity to the Atlantic City International Airport and Stockton University, which serve as major regional anchors for employment and development.
Property taxes are assessed at the municipal level in Galloway Township, with rates reflecting local school district and county requirements; no special MUD/PID districts are prevalent.
Commuters primarily utilize the Atlantic City Expressway and US Route 30 for access to Atlantic City and Philadelphia employment hubs.
Residents have access to local parks and the nearby Edwin B. Forsythe National Wildlife Refuge, with shopping and dining options available in neighboring Galloway and Absecon.
The rental market is characterized by low vacancy pressure and steady demand from university-affiliated tenants and airport-related workers.
The economy is anchored by Stockton University, the Atlantic City International Airport, and the broader tourism and gaming industry of the Atlantic City metro area.
The area is served by the Atlantic City Expressway and NJ Transit bus routes, providing connectivity to the regional transit network.
Development is largely focused on institutional growth near the university and commercial expansion along the US Route 30 corridor.
The Atlantic County Board of Taxation oversees the assessment process, ensuring uniform valuation across the county's municipalities.
Parcels are subject to Galloway Township municipal taxes, Atlantic County taxes, and the Greater Egg Harbor Regional High School District levies.
Property insurance premiums are influenced by coastal proximity and regional storm risk, with standard market availability.
New Jersey has experienced modest net domestic out-migration, though the Atlantic City metro area maintains stable population levels.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for completion.
New Jersey requires sellers to provide a comprehensive property condition disclosure statement to buyers at the time of contract.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Extensive coastal habitat for birdwatching and hiking.
Major regional anchor providing cultural and educational events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.