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ZIP Code · NJ

ZIP 08002

Pop. 24,015·Camden County·156th most expensive ZIP in New Jersey
Median rent (all units)
$2,235/mo
Year-over-Year
+1.3%
Month-over-Month
-1.9%
vs US Median
+$270
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 08002 · $2,235
More expensive than 71% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$26,820/yr
At $2,235/mo median
Location
StateNJ
CountyCamden County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.3% YoY, -1.9% 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
$1,683 → $2,235
up 32.8%
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 $1,683 a month. That figure now sits near $2,235, up 32.8% 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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Local insights

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About renting in ZIP 08002

Last updated: July 20, 2026

ZIP code 08002 covers Cherry Hill, NJ. The median rent here is $2,235/mo as of July 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,360/mo.

At 27% of local median household income ($100,951/yr), ZIP 08002 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08002?

As of July 20, 2026, the median monthly rent in ZIP 08002 (Cherry Hill, NJ) is $2,235. This is based on aggregated data from public sources and community submissions.

How does ZIP 08002 rent compare to the US average?

ZIP 08002's median rent of $2,235/mo is $270 (14%) above the US national median of $1,965/mo.

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

ZIP 08002 is among the more affordable ZIP codes in New Jersey, ranking #156 out of 212 ZIPs at $2,235/mo.

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 $89,000/year (~$43/hour full-time) to afford the median rent of $2,235/mo in ZIP 08002. The local median household income is $100,951/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08002?

Rent in ZIP 08002 has increased 1.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 08002 an affordable place to rent?

ZIP 08002 is considered affordable for renters. At $2,235/mo, rent takes approximately 27% of the local median household income ($100,951/yr). The standard benchmark is 30%. ZIP 08002 falls comfortably within that range.

What percentage of ZIP 08002 residents rent vs. own?

According to Census data, approximately 32% of ZIP 08002 households are renters, while 68% are owner-occupied. ZIP 08002 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08002 compare to the rest of Cherry Hill?

ZIP 08002 is more affordable than Cherry Hill overall. At $2,235/mo, it's $85 below the Cherry Hill citywide median of $2,320/mo.

When was rent data for ZIP 08002 last updated?

Rent data for ZIP 08002 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,235/mo, rent takes ~27% of ZIP 08002's median household income ($100,951/yr). The standard benchmark is 30%.

ZIP 08002 27%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08002 (Cherry Hill, NJ)

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