Camden, New Jersey Housing Market Prices
Camden Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 67% below the New Jersey median$115,344
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Median rent 29% below the New Jersey median$1,228
Housing Market Overview
| Metric | Camden | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,344 | $352,792 | $248,835 |
| Price Trend (Annual %) | 20.7% | 4.4% | 7.5% |
| Median Gross Rent | $1,228 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Camden is about 67% lower than in New Jersey. Rent is about 29% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Camden, up about 20.7% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Camden rose about 40.4% between 2015 and 2024, from $875 to $1,228. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Camden.
Buying the median-priced home in Camden costs roughly 7.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Camden. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Camden | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,344 | $352,792 | $248,835 |
| Median Household Income | $40,756 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Camden rose about 158.0%, while median household income rose about 45.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Camden | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 30.9% | 59.1% | 58.5% |
| Rental Rate | 58.7% | 33.5% | 31.2% |
| Vacancy Rate | 10.5% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Camden has a homeownership rate of 30.9%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 10.5%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Camden | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1954 | 1968 | 1978 |
| Median Number of Rooms | 5.1 | 5.7 | 5.5 |
The typical housing unit in Camden was built around 1954. On average, 2.8 people live in a home with about 5.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Camden, New Jersey.
What is the median home price in Camden, New Jersey?
The median home price in Camden, New Jersey is $115,344, lower than the New Jersey average of $352,792.
What is the average home price in Camden, New Jersey?
The typical home price in Camden, New Jersey, reported as the median sale price, is $115,344. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Camden, New Jersey?
The median gross rent in Camden, New Jersey is $1,228 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Camden in 2020?
In 2020, the median gross rent in Camden, New Jersey was $940 per month.
What is the price-to-rent ratio in Camden, New Jersey?
The price-to-rent ratio in Camden, New Jersey is about 7.8, meaning it would take roughly 7.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Camden.
Are home prices or rent rising faster in Camden, New Jersey?
Both home prices and rent are rising in Camden, up about 20.7% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Camden, New Jersey?
30.9% of households in Camden, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Camden, New Jersey?
The housing vacancy rate in Camden, New Jersey is 10.5%, higher than the New Jersey average of 7.5%.
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