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Rental Insights for ZIP Code 08110 (Pennsauken, NJ)

Housing Rentals in ZIP Code 08110 (Pennsauken, NJ)

08110 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 08110

ZIP Code 08110 is primarily located in Pennsauken, NJ in Camden County. This region of New Jersey has an estimated median housing rent of $1,127 per month. Approximately 22.6% of housing units in this Camden County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 8.3%.

The median rent in ZIP Code 08110 of $1,127 per month is 16% lower than the aggregate New Jersey median monthly rent of $1,334, and is 6% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 38.2% of renters in ZIP Code 08110 pay between $500 and $999 per month for housing. That is 139% higher than in New Jersey overall, in which 16.0% of total state residents pay between $500 and $999 per month for housing. Just 1.3% of renters in ZIP Code 08110 pay less than $500 for monthly rent.

ZIP Code 08110 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 08110

See the chart below for a comparison of monthly rental costs in ZIP Code 08110, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 08110 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 08110

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

Cost ZIP 08110 New Jersey U.S.
Less than $500 1.3% 8.0% 9.4%
$500 to $999 38.2% 16.0% 36.2%
$1,000 to $1,499 30.6% 38.7% 30.0%
$1,500 to $1,999 22.2% 22.0% 14.0%
$2,000 to $2,499 7.8% 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 08110

Renters in ZIP Code 08110 use an estimated 34.53% of their income to cover their monthly rent payments. That is about 14% 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 08110 renters use about 16% more of their income to cover rent expense. Household income figures for ZIP Code 08110 come in lower than in New Jersey as a whole. The median annual household income in ZIP Code 08110 of $63,664 sits approximately 23% lower than the overall New Jersey median income of $82,545 and approximately 1% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 08110

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 08110, 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 08110 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 08110

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

Rent Cost as % of Income ZIP 08110 New Jersey U.S.
Less than 15.0 percent 5.1% 12.1% 13.1%
15.0 to 19.9 percent 4.5% 12.4% 12.9%
20.0 to 24.9 percent 12.3% 12.6% 12.9%
25.0 to 29.9 percent 16.3% 11.6% 11.6%
30.0 to 34.9 percent 2.8% 9.0% 9.1%
35.0 percent or more 59.0% 42.4% 40.5%

Household Income in ZIP Code 08110

See the table below for the regional comparison of annual household income in ZIP Code 08110.

Income ZIP 08110 New Jersey U.S.
Less than $10,000 5.6% 4.9% 6.0%
$10,000 to $14,999 3.0% 3.2% 4.3%
$15,000 to $24,999 9.4% 7.1% 8.9%
$25,000 to $34,999 11.7% 6.9% 8.9%
$35,000 to $49,999 12.0% 9.4% 12.3%
$50,000 to $74,999 15.4% 14.6% 17.2%
$75,000 to $99,999 16.5% 12.1% 12.7%
$100,000 to $149,999 18.7% 17.7% 15.1%
$150,000 to $199,999 3.7% 10.1% 6.8%
$200,000 or more 4.1% 14.0% 7.7%

Household Income in ZIP Code 08110

See the chart below for a comparison of annual household income figures in ZIP Code 08110, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 08110 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 08110

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 08110.

ZIP 08110 New Jersey U.S.
Median Housing Rent $1,127 $1,334 $1,062
Renter-Occupied Housing Units 22.6% 36.1% 36.0%
Rental Vacancy Rate 8.3% 4.8% 6.0%
Average Size of Renter-Occupied Unit 3.35 2.50 2.49
Average # of Bedrooms Per Unit 2.88 2.75 2.75
Percent of Income Spent on Rent 34.53% 30.35% 29.83%
Per Capita Income $24,645 $42,745 $34,103
Median Household Income $76,108 $114,691 $88,607
Living Below the Poverty Line 15.7% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 08110

In ZIP Code 08110 (Pennsauken, NJ), and estimated 22.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 8.3%.

The per capita income in 08110 is estimated at $24,645, which goes along with an estimated median household income of $76,108. About 15.7% of residents in this Camden County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.35 occupants, while the units have an aggregate average size of 2.88 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 34.53% of their income on housing rental costs.

Rental FAQs for ZIP Code 08110

1

What is the median monthly rent in ZIP Code 08110?

Median rent for housing in ZIP Code 08110 in Camden County in New Jersey is approximately $1,127 per month.
2

Is it expensive to rent in ZIP Code 08110?

Rent in ZIP Code 08110 is lower than average in the state of New Jersey overall. The median monthly rent of $1,127 in ZIP Code 08110 is approximately 16% lower than the New Jersey median of $1,334. Additionally, median rent in this Pennsauken, NJ region ($1,127) is about 6% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 08110?

High-priced rentals are not common in the Pennsauken, NJ ZIP Code of 08110, 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 08110?

Affordable rentals are more common in ZIP Code 08110 than in New Jersey overall. The percentage of housing rentals in ZIP Code 08110 costing $999 or less per month (39.5%) is approximately 65% 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 13% higher than the previously mentioned 08110 rate of 39.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 08110?

The most common range for rental cost in ZIP Code 08110 is between $500 and $999 per month. About 38.2% of renters in 08110 pay in this range for monthly rent. In comparison, approximately 16.0% of renters in the state of New Jersey fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 08110 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 08110 is higher than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 8.3% in ZIP Code 08110 is about 73% higher than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Pennsauken, NJ region (8.3%) is an estimated 38% 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 08110? How does it compare to other New Jersey regions?

Median household income in ZIP Code 08110 is lower than in the state of New Jersey overall. Annual household income of $63,664 in ZIP Code 08110 is about 23% lower than the New Jersey median of $82,545. Additionally, median household income in this Pennsauken, NJ region ($63,664) is approximately 1% higher 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 08110 spend on housing costs?

Renters in ZIP Code 08110 spend a higher amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 08110 spend an estimated 34.53% of their income on rent payments, which is about 14% 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 16% lower than the ZIP Code 08110 estimated rate of 34.53%.
9

Do renters in ZIP Code 08110 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 08110 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 08110 spending 30 percent or more of their income on rent costs (61.8%) is approximately 20% 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 25% lower than the aforementioned 08110 rate of 61.8%.
10

What is the average household size of renter-occupied units in ZIP Code 08110?

The average household size of renter-occupied units in ZIP Code 08110 is higher than in the state of New Jersey overall. Annual household size of 3.35 in ZIP Code 08110 is about 34% higher than the New Jersey median of 2.50. Additionally, median household size in this Pennsauken, NJ region (3.35) is approximately 35% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes