Zip 08109 (Merchantville, NJ) Housing

The housing market in Merchantville, NJ (08109) is thriving. The median housing value is $246,200, which is significantly lower than the US median of $338,100. However, the 1-year house appreciation rate in Merchantville is 11.32%, which is higher than the US rate of 8.27%, indicating that the housing market in this area is strong and growing rapidly. This makes it a desirable area for potential homeowners looking to invest in real estate or buy a new home.

The median home cost in Merchantville (zip 08109) is $246,200. Home appreciation the last 10 years has been 75.3%. Home Appreciation in Merchantville (zip 08109) is up 16.1%.

Average Age of Homes

- The median age of Merchantville (zip 08109) real estate is 60 years old

The Rental Market in Merchantville (zip 08109)

- Renters make up 23.7% of the Merchantville (zip 08109) population
- 1.0% of houses and apartments in Merchantville (zip 08109), 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	Merchantville, New Jersey	United States
	9,167.0	139,647,020.0
	63	42
	$246,200	$338,100
	16.1%	16.6%
	59.9%	57.0%
	75.3%	101.1%
	$34.62	$10.98
	$6,349	$2,690
	68.6%	57.4%
	5.8%	11.2%
	25.6%	31.4%
Vacant Housing
	1.0%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.4%	3.9%
	4.5%	4.5%
	18.4%	11.3%
	35.2%	13.0%
	31.6%	20.1%
	5.2%	13.6%
	1.7%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	6.2%	13.6%
	6.6%	13.2%
	11.2%	14.8%
	6.2%	13.6%
	24.5%	10.0%
	6.4%	4.7%
	24.5%	12.2%

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