Cherry Hill, NJ

Population: 71,722
Average annual home appreciation rate: 5.40%
Total of homes for sale in this market: 289
Median home price: $264,836
Median Rent: $1,247 per room
Home price range: 43.59% of homes are between $194,001 – $291,000
Median sales price: $225,000
Number of homes: 576
Median foreclosure sales price: $188,000
Foreclosure discount: 16%
Most common home type: 71.16% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.79%
Number of renters: 19.46%
Number of owner occupied: 80.54%
Number people living below poverty level: 4.49%
Unemployment rate: 5.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Cherry Hill area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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