ZIP Code · NJ

ZIP 08034

Part of Cherry Hill, NJ

Pop. 20,901·Camden County·140th most expensive ZIP in New Jersey

Median rent (all units)

$2,330/mo

Year-over-Year

-0.4%

Month-over-Month

-1.1%

vs US Median

+$398

Reported rents

Falling (Monthly)

Be the first to discuss 08034 rents ↓

Most AffordableMost Expensive

ZIP 08034 · $2,330

More expensive than 75% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,640

1 BR

$1,780

2 BR

$2,120

3 BR

$2,540

4 BR+

$2,840

Research median

$2,120/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 08034 changed -0.4% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($114,012) is $2,850 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,840).

Cheaper nearby

ZIP 08052, 3 miles away, rents for 24% less ($1,764/mo), about $6,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08034. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,960/yr

At $2,330/mo median

Location

CityCherry Hill

StateNJ

CountyCamden County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.4% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-0.4% YoY, -1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 08034 (Cherry Hill, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 54.7% of residents hold a bachelor's degree or higher.

Population

20,901

Median income

$114,012

Median age

44.4

Renters

24.9%

Age distribution

18.3%

20.6%

26%

12.5%

22.6%

Under 1818.3%

18–3420.6%

35–5426%

55–6412.5%

65+22.6%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

67.5%

12.9%

White67.5%

Black6.2%

Hispanic12.9%

Asian8.9%

Other4.5%

Education (25+)

19%

20.4%

54.7%

No HS diploma5.9%

HS diploma19%

Some college20.4%

Bachelor's+54.7%

Housing tenure

75.1%

24.9%

Owner75.1%

Renter24.9%

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

2021 vs 2026

How ZIP 08034 in Cherry Hill, NJ has changed in 5 years

Income

$100,173 → $114,012

up 13.8%

Population

19,522 → 20,901

up 7.1%

Renter share

20.3% → 24.9%

+4.6 pts

Bachelor's+

53.4% → 54.7%

+1.3 pts

Median age

43.2 → 44.4

+1.2 yrs

Local incomes tracked alongside that move, going from a median of $100,173 in 2021 to $114,012 more recently. Headcount in the area went from 19,522 to 20,901 between 2021 and 2024, a 7.1% change. About 24.9% of households rent today, against 20.3% in 2021.

Community

Discussions about ZIP 08034

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 08034

About renting in ZIP 08034

Last updated: October 17, 2026

ZIP code 08034 covers Cherry Hill, NJ. The median rent here is $2,330/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,120/mo.

At 25% of local median household income ($114,012/yr), ZIP 08034 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08034?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (about $45/hour full-time) to afford the median rent of $2,330/mo in ZIP 08034. The local median household income is $114,012/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 08034?

Rent in ZIP 08034 has been roughly flat over the past year, a -0.4% change.

How does ZIP 08034 compare to other ZIPs in New Jersey?

ZIP 08034 is one of the more affordable among New Jersey ZIP codes for rent, ranking #140 of 209 at $2,330/mo. Over the year to September 2026, rent in ZIP 08034 changed -0.4%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.