HousingHandbookReference data

U.S. ZIP Code · NJ08079

Salem County · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Typical home value

$229,364[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+7.6%
10-year / yr
+7.1%

Relative price

vs U.S.
-19.3%
vs metro
-42.7%
vs state
-59.7%
ZIP 08079 location in NJ
Location of ZIP 08079 in NJ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 08079 is worth $229,364 — 42.7% below the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD median. Over the past year, values have risen 0.0%. The effective property tax rate is 2.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
2.2%[3]
Typical annual tax
$4,969[3]

#Climate risk

FEMA National Risk Index ratings for Salem County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Very High
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
10,762[3]
Median household income
$54,641[3]

#Migration

Household moves in and out of Salem County over a year, from IRS tax-return data.

Net migration
+102[5]
Moved in
1,691
Moved out
1,589

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
4
Middle
1
High
1
  • Salem Middle School

    Middle · Grades 3–8 · Salem City School District

    457 students

  • John Fenwick Academy

    Elementary · Grades PK–2 · Salem City School District

    392 students

  • Salem High School

    High · Grades 9–12 · Salem City School District

    387 students

  • Lower Alloways Creek Elementary School

    Elementary · Grades PK–8 · The Lower Alloways Creek School District

    173 students

  • Mannington Township Elementary School

    Elementary · Grades PK–8 · Mannington Township School District

    161 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,160
Loan principal$183,491
Down payment$45,873
Total interest paid$234,033

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,766
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
81st percentile[1]
Rental yield
[2]
Property tax
78th percentile[3]

Frequently asked

How much is a home worth in ZIP code 08079?
The typical home in 08079 is worth $229,364, based on the Zillow Home Value Index.
Are home values rising in 08079?
Home values in 08079 are up 0.0% over the past year, and up 7.6% a year over five years.
What is the property tax rate in 08079?
The effective property tax rate in 08079 is 2.2% — roughly $4,969 a year on a typical home.
Who lives in 08079?
ZIP code 08079 has a population of 10,762 and a median household income of $54,641.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Philadelphia, PA

    Typical home
    $229,548
    Gross yield
    6.7%
  • Philadelphia, PA

    Typical home
    $229,760
    Gross yield
  • Philadelphia, PA

    Typical home
    $225,878
    Gross yield
    8.1%
  • Philadelphia, PA

    Typical home
    $224,535
    Gross yield
    10.3%
  • Gloucester City, NJ

    Typical home
    $238,260
    Gross yield
    9.3%
  • Philadelphia, PA

    Typical home
    $239,025
    Gross yield
    7.5%

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