ZIP Code 08093 Housing Market

📝 Local Market Notes

The housing market in ZIP code 08093, located in Gloucester County, New Jersey, exhibits a pronounced upward trajectory over the past five years. The FHFA House Price Index (HPI) for this ZIP code has surged from 197.84 in 2021 to 328.64 in 2025. This represents a cumulative increase of approximately 66% in just four years, indicating sustained and aggressive price appreciation. The most recent annual growth of 16.59% underscores the continued momentum in this specific sub-market, distinguishing it sharply from broader regional trends. This performance signals significant divergence from both the county and state averages. While Gloucester County experienced a year-over-year increase of 5.17% and the state of New Jersey grew by 4.53%, ZIP 08093 outpaced these benchmarks by more than triple. Such disparity suggests that local factors are driving premium valuation, likely due to limited inventory or specific neighborhood amenities that attract higher-bid competition. Compared to nearby ZIP codes 08066 and 08312, which grew by 10.25% and 11.55% respectively, 08093 remains the strongest performer in the immediate vicinity, reinforcing its status as a high-demand area within the county. The sub-market character appears to be a high-end residential enclave. With a median home value in the parent county of $310,400 and an HPI index of 328.64, properties in 08093 likely command prices well above the county median, aligning with a luxury or upper-middle-tier segment. The county’s 80.1% owner-occupancy rate supports a stable, established residential base rather than a transient renter-heavy population. For prospective buyers, the practical takeaway is clear: entry into this market is increasingly difficult due to rapid price escalation. With national 30-year mortgage rates at 7.40%, the high price points in 08093 create substantial monthly payment burdens. Residents and investors should recognize that this ZIP code operates on a distinct premium curve, decoupled from the moderate growth observed in the surrounding Gloucester County region.

Based on FHFA House Price Index data.