ZIP Code · NJ

ZIP 08109

Part of Merchantville, NJ

Pop. 24,022·Camden County·148th most expensive ZIP in New Jersey

Median rent (all units)

$2,230/mo

Year-over-Year

Stable

Month-over-Month

+13.4%

vs US Median

+$298

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 08109 · $2,230

More expensive than 71% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,220

1 BR

$1,330

2 BR

$1,580

3 BR

$1,890

4 BR+

$2,120

Research median

$1,580/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($90,242) is $2,256 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,120).

Cheaper nearby

ZIP 08052, 3 miles away, rents for 21% less ($1,764/mo), about $5,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08109. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,760/yr

At $2,230/mo median

Location

CityMerchantville

StateNJ

CountyCamden County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +13.4% MoM), not inventory.

Demographics

Who lives here

ZIP 08109 (Merchantville, NJ) is majority owner-occupied, has a median income above the national average, 28.8% of residents hold a bachelor's degree or higher.

Population

24,022

Median income

$90,242

Median age

38.8

Renters

28.7%

Age distribution

23.4%

20.2%

28.8%

12.6%

15%

Under 1823.4%

18–3420.2%

35–5428.8%

55–6412.6%

65+15%

Gender

51.7%

48.3%

Male51.7%

Female48.3%

Race & ethnicity

39.8%

17.5%

33.2%

White39.8%

Black17.5%

Hispanic33.2%

Asian11.1%

Education (25+)

12.9%

32.7%

25.6%

28.8%

No HS diploma12.9%

HS diploma32.7%

Some college25.6%

Bachelor's+28.8%

Housing tenure

71.3%

28.7%

Owner71.3%

Renter28.7%

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

2021 vs 2026

How ZIP 08109 in Merchantville, NJ has changed in 5 years

Income

$73,111 → $90,242

up 23.4%

Population

23,273 → 24,022

up 3.2%

Renter share

27.2% → 28.7%

+1.5 pts

Bachelor's+

25.6% → 28.8%

+3.2 pts

Median age

40.7 → 38.8

-1.9 yrs

On the earnings side, the typical household in ZIP 08109 in Merchantville, NJ now reports about $90,242, up from $73,111 in 2021. The population has grown by 3.2% since 2021, moving from about 23,273 residents to roughly 24,022. Renters now make up 28.7% of households, compared with 27.2% five years ago. College-educated residents now make up 28.8% of adults here, versus 25.6% in 2021.

Community

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Local insights

Tips for renters in ZIP 08109

About renting in ZIP 08109

Last updated: September 25, 2026

ZIP code 08109 covers Merchantville, NJ. The median rent here is $2,230/mo as of September 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,580/mo.

At 30% of local median household income ($90,242/yr), ZIP 08109 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08109?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,230/mo in ZIP 08109. The local median household income is $90,242/yr, so the typical household meets that bar.