HousingHandbookReference data

U.S. ZIP Code · NJ08406

Atlantic County · Atlantic City-Hammonton, NJ

Typical home value

$622,103[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.8%
5-year / yr
+12.0%
10-year / yr
+10.3%

Relative price

vs U.S.
+119.0%
vs metro
+47.0%
vs state
+9.2%
ZIP 08406 location in NJ
Location of ZIP 08406 in NJ

Price history

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

The typical home in 08406 is worth $622,103 — 47.0% above the Atlantic City-Hammonton, NJ median. Over the past year, values have risen 8.8%. Homes here rent for a typical $3,898 a month — a 7.5% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent
$3,898[2]
Gross yield
7.5%[2]
Cap rate
4.5%[2]

#Property tax

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

Effective tax rate
1.6%[3]
Typical annual tax
$9,736[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
8,972[3]
Median household income
$69,099[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
2
Elementary
1
Middle
1
High
0
  • Ventnor Elementary School

    Elementary · Grades PK–4 · Ventnor City School District

    302 students

  • Ventnor Middle School

    Middle · Grades 5–8 · Ventnor City School District

    177 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 yield7.5%
Net yield (after ~40% expenses)4.5%
Annual rent$46,773

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$3,146
Loan principal$497,682
Down payment$124,421
Total interest paid$634,767

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 ratio1.15
Monthly cost to own$4,473
Monthly rent$3,898

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
97th percentile[1]
Rental yield
40th percentile[2]
Property tax
50th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 08406?
The typical home in 08406 is worth $622,103, based on the Zillow Home Value Index.
Are home values rising in 08406?
Home values in 08406 are up 8.8% over the past year, and up 12.0% a year over five years.
What is the typical rent in 08406?
A typical home in 08406 rents for about $3,898 a month, a gross rental yield of 7.5%.
What is the property tax rate in 08406?
The effective property tax rate in 08406 is 1.6% — roughly $9,736 a year on a typical home.
Who lives in 08406?
ZIP code 08406 has a population of 8,972 and a median household income of $69,099.

#Comparable ZIPs

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

  • North Wildwood, NJ

    Typical home
    $643,460
    Gross yield
  • Brigantine, NJ

    Typical home
    $702,281
    Gross yield
  • Erma CDP, NJ

    Typical home
    $714,749
    Gross yield
  • Beesleys Point CDP, NJ

    Typical home
    $495,248
    Gross yield
  • Linwood, NJ

    Typical home
    $480,658
    Gross yield
  • Seaville CDP, NJ

    Typical home
    $475,998
    Gross yield

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