Gloucester County, New Jersey Housing Market Prices
Gloucester County 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 47% below the New Jersey median Among the top 3 cheapest counties in New Jersey$186,863
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Median rent 11% below the New Jersey median Cheaper than 70% of counties in New Jersey$1,530
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gloucester County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,863 | $352,792 | $248,835 |
| Price Trend (Annual %) | 5.8% | 4.4% | 7.5% |
| Median Gross Rent | $1,530 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gloucester County is about 47% lower than in New Jersey. Rent is about 11% 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 Gloucester County, up about 5.8% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Gloucester County rose about 42.8% between 2015 and 2024, from $1,071 to $1,530. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Gloucester County.
Buying the median-priced home in Gloucester County costs roughly 10.2 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 Gloucester County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Gloucester County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,863 | $352,792 | $248,835 |
| Median Household Income | $105,231 | $103,817 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gloucester County rose about 29.9%, while median household income rose about 41.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Gloucester County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.5% | 59.1% | 58.5% |
| Rental Rate | 19.0% | 33.5% | 31.2% |
| Vacancy Rate | 4.6% | 7.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Gloucester County has a homeownership rate of 76.5%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 4.6%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Gloucester County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1970 | 1968 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Gloucester County was built around 1970. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 17.0 years on average.
Gloucester County, NJ Housing Compared With Nearby Counties
Gloucester County, NJ is the 4th largest of the 6 counties compared here, 306,962 residents against a local median of 526,561. The measure that sets Gloucester County, NJ apart most is homeownership: 80.1%, 20% above the local median of 66.5%. That is the better end of the local range on this measure.
The counties themselves spread 19.2% on homeownership, so Gloucester County, NJ sits at one end of an already wide local range rather than apart from it. Gloucester County, NJ has the highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gloucester County, NJ | 306,962 | $186,863 #4/6 | $1,530 #1/6 | 80.1% #1/6 |
| Camden County, NJ | 526,561 | $239,503 | $1,402 | 64.7% |
| Salem County, NJ | 65,196 | $146,481 | $1,253 | 71.0% |
| Philadelphia County, PA | 1,579,069 | $209,765 | $1,396 | 51.8% |
| Delaware County, PA | 578,234 | $194,369 | $1,372 | 69.6% |
| Cumberland County, NJ | 153,308 | $178,114 | $1,282 | 66.5% |
Frequently Asked Questions
Common questions about the housing market in Gloucester County, New Jersey.
What is the median home price in Gloucester County, New Jersey?
The median home price in Gloucester County, New Jersey is $186,863, lower than the New Jersey average of $352,792.
What is the average home price in Gloucester County, New Jersey?
The typical home price in Gloucester County, New Jersey, reported as the median sale price, is $186,863. 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 Gloucester County, New Jersey?
The median gross rent in Gloucester County, New Jersey is $1,530 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Gloucester County in 2020?
In 2020, the median gross rent in Gloucester County, New Jersey was $1,258 per month.
What is the price-to-rent ratio in Gloucester County, New Jersey?
The price-to-rent ratio in Gloucester County, New Jersey is about 10.2, meaning it would take roughly 10.2 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 Gloucester County.
Are home prices or rent rising faster in Gloucester County, New Jersey?
Both home prices and rent are rising in Gloucester County, up about 5.8% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gloucester County, New Jersey?
76.5% of households in Gloucester County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Gloucester County, New Jersey?
The housing vacancy rate in Gloucester County, New Jersey is 4.6%, lower than the New Jersey average of 7.5%.
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