ZIP Code 08002 — Cherry Hill, NJ Home Prices (2026)
The typical home in ZIP 08002 (Cherry Hill, New Jersey) is worth about $446,000 at roughly $255 per square foot — 5% more affordable than the Cherry Hill median and 52% more expensive than the typical U.S. home.
How 08002 compares
ZIP 08002 is one of the more affordable ZIP codes in Cherry Hill: its typical home value of $446,000 ranks #3 of the 3 Cherry Hill ZIP codes we track (the citywide range runs from $446,000 in 08002 to $588,000 in 08003). Per square foot it costs about $255, against $255 for Cherry Hill as a whole, $324 for New Jersey, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 08002 | $446,000 | $255 |
| Cherry Hill, NJ | $470,000 | $255 |
| New Jersey | $579,000 | $324 |
| United States | $294,000 | $195 |
Home value by size in 08002
Using this ZIP’s rate of about $255 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $255,000 |
| 1,500 sq ft | $382,500 |
| 2,000 sq ft | $510,000 |
| 2,500 sq ft | $637,500 |
| 3,000 sq ft | $765,000 |
Salary needed to buy a home in ZIP 08002
To buy the typical $446,000 home in ZIP 08002 with 20% down, you need a household income of roughly $121,000 a year (about $2,830 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $144,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $22,300 | $3,520/mo | $151,000/yr |
| 10% (+PMI) | $44,600 | $3,360/mo | $144,000/yr |
| 20% | $89,200 | $2,830/mo | $121,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 08002
At about $255 per square foot, here is roughly how much home different budgets get you in ZIP 08002:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 980 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1180 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1570 sq ft | around the typical home here |
| $500k | 1960 sq ft | around the typical home here |
| $600k | 2350 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 08002 home.
Estimate a specific home in 08002
The estimator below is pre-set to ZIP 08002 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Cherry Hill ZIP codes by home value
Where 08002 sits among Cherry Hill’s 3 ZIP codes:
ZIP 08002 home prices: frequently asked
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See the full Cherry Hill home values page, all New Jersey cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.