08105, Camden, NJ

The Camden 8105 zip code is located in southern New Jersey and has a population of around 197,000. The median household income in the 8105 zip code is $50,000, which is lower than the national median of $53,046. The unemployment rate in Camden 8105 is around 10%, which is higher than the national unemployment rate of 7%.

The home equity and home prices in the Camden 8105 zip code are lower than the national average. In 2017, the home equity value in Camden 8105 was $128,200 while the home price was $161,500. These values are lower than both the statewide average of $157,600 and the nationwide average of $217,500. This indicates that there are fewer homes available for purchase or rent in Camden 8105 compared to other areas of New Jersey and across the United States. Additionally, it seems that homes in this area are not as expensive as they were a few years ago.

One reason why homes may be less expensive in Camden 8105 may be because there is more competition for properties here. There are many people who want to live in this area due to its many amenities (including excellent schools) and low cost of living. Additionally, many people who live here may be able to afford to buy or rent a property because their incomes are relatively low. This means that there is more competition for properties among buyers and renters alike which could lead to lower prices overall.