Zip 08071 (Pitman, NJ) Housing

The housing market in 08071 Pitman, NJ is a strong one. The housing median value in the area is $272,800, which is significantly lower than the national median value of $338,100. However, the 1 year house appreciation rate in Pitman is 15.62%, almost double the US 1 year house appreciation rate of 8.27%. This indicates that homes in 08071 Pitman are not only relatively cheaper than across the US, but also growing faster in terms of property value.

The median home cost in Pitman (zip 08071) is $272,800. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Pitman (zip 08071) is up 18.1%.

Average Age of Homes

- The median age of Pitman (zip 08071) real estate is 66 years old

The Rental Market in Pitman (zip 08071)

- Renters make up 25.6% of the Pitman (zip 08071) population
- 0.6% of houses and apartments in Pitman (zip 08071), 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	Pitman, New Jersey	United States
	4,038.0	139,647,020.0
	73	42
	$272,800	$338,100
	18.1%	16.6%
	57.0%	57.0%
	69.6%	101.1%
	$38.28	$10.98
	$7,534	$2,690
	67.6%	57.4%
	7.3%	11.2%
	25.1%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	1.3%	0.4%
	0.0%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.8%	2.4%
	0.8%	2.8%
	0.4%	3.9%
	1.4%	4.5%
	17.0%	11.3%
	31.3%	13.0%
	34.8%	20.1%
	9.6%	13.6%
	2.0%	8.3%
	1.1%	9.7%
	0.5%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.5%	13.6%
	1.5%	13.6%
	5.8%	13.6%
	2.4%	13.2%
	7.5%	14.8%
	5.8%	13.6%
	20.1%	10.0%
	13.0%	4.7%
	39.5%	12.2%

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