Cumberland County, New Jersey Housing Market
In Cumberland County, New Jersey, the median home value is $221,400, with a median monthly rent of $1,282. This places Cumberland County at #1173 nationally out of 3134 counties by median home value, and #21 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,085
- Establishments: 3,650
- BLS QCEW, 2025
Housing Supply
- Single-family: 143
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 57,515 (avg $64,087)
- Outflow: 55,979 (avg $64,742)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Cumberland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 08332 | 275.1 | +4.32% | 2025 |
| 2 | 08302 | 276.4 | +11.63% | 2025 |
| 3 | 08361 | 263.6 | +1.36% | 2025 |
| 4 | 08318 | 245.3 | +5.00% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Cumberland County Compares
| Metric | Cumberland County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $221,400 | $430,014 | $227,706 |
| Median Gross Rent | $1,282 | $1,634 | $968 |
| Owner Occupancy Rate | 66.5% | 68.3% | 73.3% |
| Price/Rent Ratio | 14.4 | 21.6 | 18.7 |
Market Analysis
The median home value in Cumberland County is 48.5% below the New Jersey state average and 2.8% below the U.S. national average. The median rent of $1,282/month is 21.5% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Cumberland County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cumberland County has an owner-occupancy rate of 66.5%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| St. Louis County | Minnesota | $221,400 | $1,013 |
| Jasper County | Indiana | $221,500 | $962 |
| Greene County | Missouri | $221,300 | $989 |
| Niobrara County | Wyoming | $221,500 | $605 |
| Saline County | Arkansas | $221,200 | $1,033 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Salem County | $239,500 | $1,253 | 71.0% |
| Camden County | $287,100 | $1,402 | 64.7% |
| Atlantic County | $295,000 | $1,376 | 68.7% |
| Gloucester County | $310,400 | $1,531 | 80.1% |
| Warren County | $346,500 | $1,409 | 75.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).