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Rental Insights for ZIP Code 08102 (Camden, NJ)

Housing Rentals in ZIP Code 08102 (Camden, NJ)

08102 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 08102

ZIP Code 08102 is primarily located in Camden, NJ in Camden County. This region of New Jersey has an estimated median housing rent of $680 per month. Approximately 76.4% of housing units in this Camden County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 12.0%.

The median rent in ZIP Code 08102 of $680 per month is 49% lower than the aggregate New Jersey median monthly rent of $1,334, and is 36% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 45.1% of residents in ZIP Code 08102 pay less than $500 per month for rent. That is 464% higher than in New Jersey overall, in which 8.0% of total state residents pay less than $500 per month for housing. Just 6.4% of renters in ZIP Code 08102 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 08102 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 08102

See the chart below for a comparison of monthly rental costs in ZIP Code 08102, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 08102 along with those in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 08102

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 08102 New Jersey U.S.
Less than $500 45.1% 8.0% 9.4%
$500 to $999 21.0% 16.0% 36.2%
$1,000 to $1,499 27.6% 38.7% 30.0%
$1,500 to $1,999 6.4% 22.0% 14.0%
$2,000 to $2,499 0.0% 8.5% 5.6%
$2,500 to $2,999 0.0% 3.6% 2.4%
$3,000 or more 0.0% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 08102

Renters in ZIP Code 08102 use an estimated 31.32% of their income to cover their monthly rent payments. That is about 3% higher than in New Jersey overall. The estimate for New Jersey overall is 30.35% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 08102 renters use about 5% more of their income to cover rent expense. Household income figures for ZIP Code 08102 come in lower than in New Jersey as a whole. The median annual household income in ZIP Code 08102 of $21,138 sits approximately 74% lower than the overall New Jersey median income of $82,545 and approximately 66% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 08102

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 08102, New Jersey, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 08102 along with the same calculations in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 08102

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 08102 New Jersey U.S.
Less than 15.0 percent 18.4% 12.1% 13.1%
15.0 to 19.9 percent 2.5% 12.4% 12.9%
20.0 to 24.9 percent 5.6% 12.6% 12.9%
25.0 to 29.9 percent 15.5% 11.6% 11.6%
30.0 to 34.9 percent 11.3% 9.0% 9.1%
35.0 percent or more 46.7% 42.4% 40.5%

Household Income in ZIP Code 08102

See the table below for the regional comparison of annual household income in ZIP Code 08102.

Income ZIP 08102 New Jersey U.S.
Less than $10,000 24.9% 4.9% 6.0%
$10,000 to $14,999 13.2% 3.2% 4.3%
$15,000 to $24,999 19.3% 7.1% 8.9%
$25,000 to $34,999 14.0% 6.9% 8.9%
$35,000 to $49,999 9.0% 9.4% 12.3%
$50,000 to $74,999 10.4% 14.6% 17.2%
$75,000 to $99,999 2.6% 12.1% 12.7%
$100,000 to $149,999 3.6% 17.7% 15.1%
$150,000 to $199,999 1.3% 10.1% 6.8%
$200,000 or more 1.8% 14.0% 7.7%

Household Income in ZIP Code 08102

See the chart below for a comparison of annual household income figures in ZIP Code 08102, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 08102 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 08102

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 08102.

ZIP 08102 New Jersey U.S.
Median Housing Rent $680 $1,334 $1,062
Renter-Occupied Housing Units 76.4% 36.1% 36.0%
Rental Vacancy Rate 12.0% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.76 2.50 2.49
Average # of Bedrooms Per Unit 2.17 2.75 2.75
Percent of Income Spent on Rent 31.32% 30.35% 29.83%
Per Capita Income $12,790 $42,745 $34,103
Median Household Income $36,220 $114,691 $88,607
Living Below the Poverty Line 45.4% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 08102

In ZIP Code 08102 (Camden, NJ), and estimated 76.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 12.0%.

The per capita income in 08102 is estimated at $12,790, which goes along with an estimated median household income of $36,220. About 45.4% of residents in this Camden County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.76 occupants, while the units have an aggregate average size of 2.17 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.32% of their income on housing rental costs.

Rental FAQs for ZIP Code 08102

1

What is the median monthly rent in ZIP Code 08102?

Median rent for housing in ZIP Code 08102 in Camden County in New Jersey is approximately $680 per month.
2

Is it expensive to rent in ZIP Code 08102?

Rent in ZIP Code 08102 is lower than average in the state of New Jersey overall. The median monthly rent of $680 in ZIP Code 08102 is approximately 49% lower than the New Jersey median of $1,334. Additionally, median rent in this Camden, NJ region ($680) is about 36% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 08102?

High-priced rentals are not common in the Camden, NJ ZIP Code of 08102, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of New Jersey overall, approximately 3.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 08102?

Affordable rentals are more common in ZIP Code 08102 than in New Jersey overall. The percentage of housing rentals in ZIP Code 08102 costing $999 or less per month (66.1%) is approximately 175% higher than the New Jersey rate of 24% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 45% lower than the previously mentioned 08102 rate of 66.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 08102?

The most common range for rental cost in ZIP Code 08102 is less than $500 per month. About 45.1% of renters in 08102 pay in this range for monthly rent. In comparison, approximately 8.0% of renters in the state of New Jersey fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 08102 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 08102 is higher than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 12.0% in ZIP Code 08102 is about 150% higher than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Camden, NJ region (12.0%) is an estimated 100% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 08102? How does it compare to other New Jersey regions?

Median household income in ZIP Code 08102 is lower than in the state of New Jersey overall. Annual household income of $21,138 in ZIP Code 08102 is about 74% lower than the New Jersey median of $82,545. Additionally, median household income in this Camden, NJ region ($21,138) is approximately 66% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 08102 spend on housing costs?

Renters in ZIP Code 08102 spend a higher amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 08102 spend an estimated 31.32% of their income on rent payments, which is about 3% higher than the overall New Jersey estimated rate of 30.35%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 5% lower than the ZIP Code 08102 estimated rate of 31.32%.
9

Do renters in ZIP Code 08102 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 08102 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 08102 spending 30 percent or more of their income on rent costs (58%) is approximately 13% higher than the New Jersey rate of 51.4% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 17% lower than the aforementioned 08102 rate of 58%.
10

What is the average household size of renter-occupied units in ZIP Code 08102?

The average household size of renter-occupied units in ZIP Code 08102 is higher than in the state of New Jersey overall. Annual household size of 2.76 in ZIP Code 08102 is about 10% higher than the New Jersey median of 2.50. Additionally, median household size in this Camden, NJ region (2.76) is approximately 11% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes