Zip 08318 (Elmer, NJ) Housing

Housing in Elmer, NJ (08318) is on the rise. The median value of houses in the area sits at $285,100, which is below the US median of $338,100. However, this does not mean that houses in Elmer are not appreciating. In fact, they have grown by 10.41% over the past year, compared to only 8.27% appreciation nationally. This means homes in Elmer are becoming more valuable and desirable for those looking to purchase or invest in property in the area.

The median home cost in Elmer (zip 08318) is $285,100. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Elmer (zip 08318) is up 17.5%.

Average Age of Homes

- The median age of Elmer (zip 08318) real estate is 42 years old

The Rental Market in Elmer (zip 08318)

- Renters make up 12.0% of the Elmer (zip 08318) population
- 0.5% of houses and apartments in Elmer (zip 08318), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elmer, New Jersey	United States
	4,801.0	139,647,020.0
	47	42
	$285,100	$338,100
	17.5%	16.6%
	54.3%	57.0%
	58.8%	101.1%
	$28.87	$10.98
	$6,510	$2,690
	78.0%	57.4%
	6.6%	11.2%
	15.4%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	5.0%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	3.6%	2.4%
	2.8%	2.8%
	1.2%	3.9%
	3.5%	4.5%
	8.4%	11.3%
	16.9%	13.0%
	36.4%	20.1%
	16.1%	13.6%
	4.1%	8.3%
	2.7%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	13.8%	13.6%
	14.9%	13.2%
	19.1%	14.8%
	13.8%	13.6%
	6.7%	10.0%
	4.1%	4.7%
	18.6%	12.2%

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