Zip 08083 (Somerdale, NJ) Housing

Housing in 08083 Somerdale, NJ is very desirable due to its relatively low median value of $268,100 compared to the US House median value of $338,100. Furthermore, Somerdale has seen a larger appreciation rate of 15.62%, which is higher than the US 1 year House Appreciation rate of 8.27%. This makes Somerdale an attractive place to invest in real estate for those looking for affordable housing with potential for growth.

The median home cost in Somerdale (zip 08083) is $268,100. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Somerdale (zip 08083) is up 18.1%.

Average Age of Homes

- The median age of Somerdale (zip 08083) real estate is 50 years old

The Rental Market in Somerdale (zip 08083)

- Renters make up 24.6% of the Somerdale (zip 08083) population
- 0.3% of houses and apartments in Somerdale (zip 08083), 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	Somerdale, New Jersey	United States
	3,891.0	139,647,020.0
	53	42
	$268,100	$338,100
	18.1%	16.6%
	57.0%	57.0%
	69.6%	101.1%
	$36.38	$10.98
	$7,570	$2,690
	75.3%	57.4%
	5.1%	11.2%
	19.6%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	1.1%	0.4%
	0.2%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	0.3%	2.4%
	0.1%	2.8%
	0.1%	3.9%
	1.4%	4.5%
	13.2%	11.3%
	28.2%	13.0%
	46.7%	20.1%
	4.3%	13.6%
	1.9%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	4.0%	13.6%
	6.0%	13.2%
	28.9%	14.8%
	4.0%	13.6%
	19.3%	10.0%
	3.6%	4.7%
	5.7%	12.2%

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