Cherry Hill, NJ housing market
Home prices around Cherry Hill have risen about 68% over the past 5 years. Builders were permitted 58 new homes in 2025.
Home values, sales, trends and how Cherry Hill compares with the towns next door — updated as new data is published.
Home prices up 68% in 5 years
The federal house price index for the ZIP codes around Cherry Hill rose 68% over the past 5 years, faster than across New Jersey (63%). Last year prices rose 5.9%. Carrying the Census median home value forward with that index puts the typical Cherry Hill home at roughly $694,000 today.
Show as a table
| Year | Change that year | Since 2000 | New Jersey since 2000 |
|---|---|---|---|
| 2025 | +5.9% | +191% | +191% |
| 2024 | +6.7% | +175% | +174% |
| 2023 | +13% | +158% | +152% |
| 2022 | +17% | +129% | +128% |
| 2021 | +12% | +95% | +98% |
| 2020 | +3.8% | +74% | +79% |
| 2019 | +3.3% | +67% | +73% |
| 2018 | +3% | +62% | +68% |
| 2017 | +3.1% | +57% | +62% |
| 2016 | +3.3% | +53% | +59% |
| 2015 | +1% | +48% | +55% |
| 2014 | +3.3% | +46% | +52% |
| 2013 | +0.3% | +42% | +48% |
| 2012 | −5.6% | +41% | +47% |
| 2011 | −4.8% | +50% | +52% |
| 2010 | −4.3% | +57% | +59% |
| 2009 | −6.3% | +64% | +66% |
| 2008 | −2.9% | +75% | +81% |
| 2007 | −0.3% | +81% | +90% |
| 2006 | +8.6% | +81% | +91% |
| 2005 | +14% | +67% | +75% |
| 2004 | +15% | +47% | +51% |
| 2003 | +8% | +27% | +31% |
| 2002 | +10% | +18% | +22% |
| 2001 | +7% | +7% | +9.7% |
| 2000 | — | — | — |
How Cherry Hill ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 08003, 08002, 08034, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
58 new homes permitted in 2025
Builders were permitted 58 new homes in Cherry Hill in 2025: 16 single-family houses and 42 in buildings with two or more homes, worth about $9.4 million to build. That's 0.8 per 1,000 residents, slower than across New Jersey (3.1). Over the past 10 years, Cherry Hill has permitted 2,181 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cherry Hill gained 3,508 residents while 1,680 new homes were permitted: about 2.1 new residents per new home. Building and growth moved roughly in step. Across New Jersey: 2 new residents per new home.
How Cherry Hill ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 7 | 4 | 3 | $1 million |
| 2025 | 58 | 16 | 42 | $9.4 million |
| 2024 | 174 | 18 | 156 | $16.3 million |
| 2023 | 230 | 6 | 224 | $31.5 million |
| 2022 | 442 | 8 | 434 | $45.8 million |
| 2021 | 209 | 9 | 200 | $19.6 million |
| 2020 | 132 | 31 | 101 | $12.2 million |
| 2019 | 384 | 10 | 374 | $40.7 million |
| 2018 | 229 | 13 | 216 | $17.2 million |
| 2017 | 257 | 10 | 247 | $18.8 million |
| 2016 | 66 | 29 | 37 | $8.6 million |
| 2015 | 71 | 39 | 32 | $8.2 million |
| 2014 | 18 | 18 | 0 | $2.7 million |
| 2013 | 100 | 19 | 81 | $7.4 million |
| 2012 | 367 | 15 | 352 | $25.9 million |
| 2011 | 151 | 12 | 139 | $12.9 million |
| 2010 | 37 | 7 | 30 | $2.6 million |
| 2009 | 7 | 7 | 0 | $3 million |
| 2008 | 15 | 15 | 0 | $3.7 million |
| 2007 | 27 | 27 | 0 | $7.1 million |
| 2006 | 129 | 129 | 0 | $14.8 million |
| 2005 | 155 | 31 | 124 | $11.8 million |
| 2004 | 40 | 40 | 0 | $7.2 million |
| 2003 | 465 | 23 | 442 | $12.9 million |
| 2002 | 364 | 52 | 312 | $25 million |
| 2001 | 49 | 43 | 6 | $8.4 million |
| 2000 | 121 | 45 | 76 | $10.1 million |
How Cherry Hill ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cherry Hill and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cherry Hill | — | +5.9%† | $2,400 | 58 | $121,502 |
| Haddonfield | $860K | +7.6% | $1,800 | 20 | $200,400 |
| Maple Shade | $337K | +1.2% | $2,070 | 2 | $78,904 |
| Evesham | $502K | +3.4% | $2,560 | 12 | $118,670 |
| Mount Laurel | $405K | +2.8% | $2,460 | 176 | $118,802 |
| Lawnside | $309K | +4.3% | $1,490 | 4 | $71,607 |
| Haddon | $501K | +12.1% | $1,920 | 7 | $115,298 |
† FHFA price index change, where Zillow has no home value for the town.
3.2 years of income
The typical Cherry Hill home costs about 3.2 years of the town's median household income, less than across New Jersey (5.6 years).
How Cherry Hill ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,400
HUD's Fair Market Rent for a two-bedroom in Cherry Hill is $2,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cherry Hill pay a median of $1,882, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $1,850 · 4 bedrooms $3,210
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (08002, 08003, 08034; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Cherry Hill
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.