08003, Cherry Hill, NJ

The 8003 zip code of Cherry Hill, NJ has a median home value of $269,500 and a median home equity value of $137,000. This is higher than the statewide median home value of $169,900 and the national median home equity value of $141,200. The 8003 zip code also has a lower than average rate of homeownership at 63%.

There are several factors that may contribute to the high values in the 8003 zip code. First, Cherry Hill is an affluent suburb located just outside Philadelphia. Second, many homes in this area were built in the late 1990s and early 2000s, which are considered to be some of the most valuable years to own a home. Finally, there is strong demand for housing in this area due to its proximity to major cities like Philadelphia and Camden.

Despite these high values, there are still plenty of homes available for sale in the 8003 zip code. In fact, there were 1,827 active listings as of March 2019 – which is more than double the number of listings that were active five years ago (when there were 571 active listings). This indicates that there is strong demand for housing in this area – even though it may be more expensive than other areas nearby.