08002, Cherry Hill, NJ

The 8002 zip code of Cherry Hill, NJ has a median home value of $269,000 and a median home equity of $101,000. This is higher than the statewide median home value of $173,500 and the national median home equity of $146,200. The 8002 zip code also has a higher than average rate of homeownership at 73%.

One reason for the high home values in the 8002 zip code is that it is located in one of the most affluent areas in New Jersey. Cherry Hill has a population that is well-educated and affluent, which contributes to the high home values. Additionally, there are many luxury homes available in this area which also contributes to the high prices.

Despite the high prices, there are still plenty of opportunities for people who want to buy or sell homes in this area. The Cherry Hill market is very active with many homes changing hands every month. There are also several real estate agents who specialize in selling homes in this area so buyers can find exactly what they are looking for.