How much is a home worth in ZIP code 08109?

The typical home in 08109 is worth $349,126, based on the Zillow Home Value Index.

Are home values rising in 08109?

Home values in 08109 are up 8.0% over the past year, and up 9.2% a year over five years.

What is the typical rent in 08109?

A typical home in 08109 rents for about $1,754 a month, a gross rental yield of 6.0%.

What is the property tax rate in 08109?

The effective property tax rate in 08109 is 2.6% — roughly $8,940 a year on a typical home.

ZIP code 08109 has a population of 24,022 and a median household income of $90,242.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08109

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

Typical home value

$349,126^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +8.0%
5-year / yr: +9.2%
10-year / yr: +8.2%

Relative price

vs U.S.: +22.9%
vs metro: -12.8%
vs state: -38.7%

Price history

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

The typical home in 08109 is worth $349,126 — 12.8% below the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD median. Over the past year, values have risen 8.0%. Homes here rent for a typical $1,754 a month — a 6.0% gross rental yield. The effective property tax rate is 2.6%.

#Rent & investment

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

Monthly rent: $1,754^[2]
Gross yield: 6.0%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 2.6%^[3]
Typical annual tax: $8,940^[3]

#Climate risk

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

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

#Who lives here

Population: 24,022^[3]
Median household income: $90,242^[3]

#Migration

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

Net migration: -190^[5]
Moved in: 12,629
Moved out: 12,819

Schools

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

Public schools: 8
Elementary: 6
Middle: 1
High: 1

Howard M. Phifer Middle School
Middle · Grades 6–8 · Pennsauken Township Board of Education School District
1,010 students
Camden County Technical School-Pennsauken
High · Grades 9–12 · Camden County Technical School District
769 students
Pennsauken Intermediate School
Elementary · Grades 4–5 · Pennsauken Township Board of Education School District
645 students
Merchantville Elementary School
Elementary · Grades PK–8 · Merchantville School District
396 students
Benjamin Franklin Elementary School
Elementary · Grades PK–3 · Pennsauken Township Board of Education School District
373 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.

Home value$Monthly rent$

Gross yield6.0%

Net yield (after ~40% expenses)3.6%

Annual rent$21,051

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,765

Loan principal$279,301

Down payment$69,825

Total interest paid$356,233

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.60

Monthly cost to own$2,801

Monthly rent$1,754

Renting is meaningfully cheaper month-to-month.

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: 98th percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08109?: The typical home in 08109 is worth $349,126, based on the Zillow Home Value Index.
Are home values rising in 08109?: Home values in 08109 are up 8.0% over the past year, and up 9.2% a year over five years.
What is the typical rent in 08109?: A typical home in 08109 rents for about $1,754 a month, a gross rental yield of 6.0%.
What is the property tax rate in 08109?: The effective property tax rate in 08109 is 2.6% — roughly $8,940 a year on a typical home.
Who lives in 08109?: ZIP code 08109 has a population of 24,022 and a median household income of $90,242.

#Comparable ZIPs

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

19021 vs 08109 →
Croydon CDP, PA
Typical home
$349,029
Gross yield
5.0%
19127 vs 08109 →
Philadelphia, PA
Typical home
$349,366
Gross yield
7.8%
21903
Perryville, MD
Typical home
$348,601
Gross yield
—
08007
Barrington, NJ
Typical home
$348,237
Gross yield
—
08089
Chesilhurst, NJ
Typical home
$350,577
Gross yield
—
19806
Wilmington, DE
Typical home
$350,843
Gross yield
6.5%

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#Jump to section

U.S. ZIP Code · NJ08109

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