US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 08244
  5. Housing & Real Estate
Somers Point city, NJ

ZIP 08244 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08244

Median Home Value
$278,500
Median Rent
$1,196
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,789/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08244 in Somers Point city, NJ, a household would need roughly $77,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,789. That is roughly in line with the local median household income ($67,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
50.1%-23% vs US avg
x
Vacancy Rate
17.6%+71% vs US avg
x
Broadband Access
91.4%+5% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
28.4%-43% vs US avg
x
Mortgage-Free
48.8%+28% vs US avg
x
$278,500
Home Value
$1,196
Rent
1969
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached50.2%
  • 1-unit attached5.5%
  • 2-9 units17.1%
  • 10+ units27.1%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$278,500
Median rent$1,196
Owner-occupied50.1%
Vacant17.6%
Price-to-income4.1x
Est. income to buy$77,000