ZIP Code · NJ

ZIP 08002

Part of Cherry Hill, NJ

Pop. 24,015·Camden County·161st most expensive ZIP in New Jersey

Median rent (all units)

$2,148/mo

Year-over-Year

+1.9%

Month-over-Month

Stable

vs US Median

+$216

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 08002 · $2,148

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,820

1 BR

$1,980

2 BR

$2,360

3 BR

$2,830

4 BR+

$3,160

Research median

$2,360/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 08002 usually run 0.8% below trend in February and 0.7% above it in October, about $32 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 08002 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of New Jersey

Rent in ZIP 08002 changed +1.9% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($100,951) is $2,524 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,360); a 3-bedroom is $2,830.

Cheaper nearby

ZIP 08052, 2 miles away, rents for 18% less ($1,764/mo), about $4,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08002. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,776/yr

At $2,148/mo median

Location

CityCherry Hill

StateNJ

CountyCamden County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.9% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 08002 (Cherry Hill, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.3% of residents hold a bachelor's degree or higher.

Population

24,015

Median income

$100,951

Median age

39.7

Renters

32%

Age distribution

19.7%

21.4%

24.6%

13.8%

20.6%

Under 1819.7%

18–3421.4%

35–5424.6%

55–6413.8%

65+20.6%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

63.8%

13.2%

White63.8%

Black11.3%

Hispanic9.9%

Asian13.2%

Other1.8%

Education (25+)

21.4%

20.9%

48.3%

No HS diploma9.3%

HS diploma21.4%

Some college20.9%

Bachelor's+48.3%

Housing tenure

68%

32%

Owner68%

Renter32%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 08002 in Cherry Hill, NJ has changed in 5 years

Rent

$1,654 → $2,148

up 29.9%

Income

$93,651 → $100,951

up 7.8%

Population

23,613 → 24,015

up 1.7%

Renter share

33.5% → 32%

-1.5 pts

Bachelor's+

42% → 48.3%

+6.3 pts

Five years ago, renters in ZIP 08002 in Cherry Hill, NJ paid around $1,654 a month. That figure now sits near $2,148, up 29.9% from the 2021 baseline. On the earnings side, the typical household in ZIP 08002 in Cherry Hill, NJ now reports about $100,951, up from $93,651 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 08002 in Cherry Hill, NJ adding about 402 residents over the five-year window, up 1.7% on net. The renter share has eased from 33.5% to 32%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 42% to 48.3% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 08002 in Cherry Hill, NJ reflects that arc in its own way.

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About renting in ZIP 08002

Last updated: October 17, 2026

ZIP code 08002 covers Cherry Hill, NJ. The median rent here is $2,148/mo as of October 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,360/mo.

At 26% of local median household income ($100,951/yr), ZIP 08002 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08002?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,148/mo in ZIP 08002. The local median household income is $100,951/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 08002?

Rent in ZIP 08002 has risen 1.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 08002?

Asking rents in ZIP 08002 are usually lowest in February, about 0.8% below their yearly trend, and highest in October, about 0.7% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 08002 compare to other ZIPs in New Jersey?

ZIP 08002 is one of the more affordable among New Jersey ZIP codes for rent, ranking #161 of 209 at $2,148/mo. Over the year to September 2026, rent in ZIP 08002 changed +1.9%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.