How much is a home worth in ZIP code 08232?

The typical home in 08232 is worth $240,319, based on the Zillow Home Value Index.

Are home values rising in 08232?

Home values in 08232 are up 4.1% over the past year, and up 10.2% a year over five years.

What is the typical rent in 08232?

A typical home in 08232 rents for about $1,850 a month, a gross rental yield of 9.2%.

What is the property tax rate in 08232?

The effective property tax rate in 08232 is 2.0% — roughly $4,781 a year on a typical home.

ZIP code 08232 has a population of 19,887 and a median household income of $53,899.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08232

Atlantic County · Atlantic City-Hammonton, NJ

Typical home value

$240,319^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +10.2%
10-year / yr: +11.0%

Relative price

vs U.S.: -15.4%
vs metro: -43.2%
vs state: -57.8%

Price history

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

The typical home in 08232 is worth $240,319 — 43.2% below the Atlantic City-Hammonton, NJ median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,850 a month — a 9.2% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent: $1,850^[2]
Gross yield: 9.2%^[2]
Cap rate: 5.5%^[2]

#Property tax

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

Effective tax rate: 2.0%^[3]
Typical annual tax: $4,781^[3]

#Climate risk

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

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

#Who lives here

Population: 19,887^[3]
Median household income: $53,899^[3]

#Migration

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

Net migration: -442^[5]
Moved in: 5,095
Moved out: 5,537

Schools

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

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Pleasantville Middle School
Middle · Grades 6–8 · Pleasantville Public School District
803 students
Pleasantville High School
High · Grades 9–12 · Pleasantville Public School District
797 students
Leeds Avenue Elementary School
Elementary · Grades PK–5 · Pleasantville Public School District
627 students
South Main Street Elementary School
Elementary · Grades PK–5 · Pleasantville Public School District
490 students
Washington Avenue Elementary School
Elementary · Grades K–5 · Pleasantville Public School District
466 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 yield9.2%

Net yield (after ~40% expenses)5.5%

Annual rent$22,200

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$1,215

Loan principal$192,255

Down payment$48,064

Total interest paid$245,211

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 ratio0.98

Monthly cost to own$1,814

Monthly rent$1,850

Owning and renting are roughly even.

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: 89th percentile^[1]
Rental yield: 80th percentile^[2]
Property tax: 68th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for highest rental yield in NJView list →

Frequently asked

How much is a home worth in ZIP code 08232?: The typical home in 08232 is worth $240,319, based on the Zillow Home Value Index.
Are home values rising in 08232?: Home values in 08232 are up 4.1% over the past year, and up 10.2% a year over five years.
What is the typical rent in 08232?: A typical home in 08232 rents for about $1,850 a month, a gross rental yield of 9.2%.
What is the property tax rate in 08232?: The effective property tax rate in 08232 is 2.0% — roughly $4,781 a year on a typical home.
Who lives in 08232?: ZIP code 08232 has a population of 19,887 and a median household income of $53,899.

#Comparable ZIPs

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

08401 vs 08232 →
Atlantic City, NJ
Typical home
$216,060
Gross yield
10.0%
08326 vs 08232 →
Buena, NJ
Typical home
$298,563
Gross yield
—
08341
Buena, NJ
Typical home
$302,532
Gross yield
—
08330
Estell Manor, NJ
Typical home
$308,306
Gross yield
8.7%
08350
Richland CDP, NJ
Typical home
$312,646
Gross yield
—
08346
Newtonville CDP, NJ
Typical home
$320,672
Gross yield
—

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Pit ZIP 08232 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ08232

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