Cherry Hill Township, NJ, is a well-regarded suburban area located in Camden County. It’s known for its family-friendly atmosphere, diverse communities, and proximity to Philadelphia, which is about 8 miles away. The township boasts a variety of amenities including shopping centers like the Cherry Hill Mall, numerous grocery stores, and a good selection of restaurants. There are also multiple parks and recreational areas such as Cooper River Park and Jake’s Place Playground. Tourist attractions nearby include the Garden State Discovery Museum and Barclay Farmstead Museum.
Cherry Hill is served by the Cherry Hill Public School District, which generally has a positive reputation for its academic performance. Crime rates in Cherry Hill are relatively moderate compared to urban centers but tend to be lower than national averages, contributing to its appeal as a residential area. The average household income in Cherry Hill is higher than the national average, reflecting its status as a relatively affluent community. Areas like Haddonfield and Moorestown, which are nearby, also possess high average incomes and are known for their attractive residential environments.
Job growth in the Cherry Hill area is steady with opportunities in various sectors such as healthcare, education, and retail, largely due to its proximity to Philadelphia. Commuting to Philadelphia provides additional employment opportunities. Overall, Cherry Hill offers a mix of suburban comfort and urban accessibility, making it a desirable location for families and professionals alike.
Read lessNeighborhood Summary
Nestled in the heart of an evolving suburban landscape, this neighborhood offers a blend of affordability and stability that attracts a diverse array of homeowners. With a median home price of $268,900, this area is quite appealing compared to the national median, offering potential buyers a more accessible entry into the housing market. The median household income of $97,222 is notably higher than the national average, indicating a prosperous community where residents enjoy greater financial stability. This economic well-being is further emphasized by a low unemployment rate of 3%, suggesting a thriving local job market that supports a comfortable lifestyle for its residents. However, with 43% of homeowners allocating 30% or more of their income to mortgage payments, there may be concerns about housing affordability for some families.
The community is predominantly composed of married-couple families, making up 60% of the population, inferring a family-friendly environment with strong community ties. A significant portion of the population, 70%, owns their homes, while renters constitute 26%, reflecting a stable and settled community. The 32% of homeowners who own their homes outright without mortgages further emphasize the neighborhood's economic resilience. Despite these positive indicators, there are areas where the neighborhood differs from national averages. Only 20% of residents hold a college degree, which is below the national average and might impact the area's cultural and educational dynamics.
Vacancy rates stand at 5%, a reasonable figure suggesting a healthy housing demand, yet a bit above the ideal mark for a completely balanced market. The area is predominantly white, yet with 7% of residents being non-US citizens, there is a touch of diversity that offers different cultural perspectives. The poverty rate of 6% is lower than the national average, pointing to an overall prosperous area with ample opportunities. If you're considering investment in this locality but are seeking slightly improved metrics, such as a higher percentage of college-educated residents or more affordable housing costs relative to income, exploring neighborhoods with similar median home prices that offer these advantages could be beneficial.
For those who might find the ratio of housing costs to income concerning, particularly with the mortgage stress indicator, exploring nearby areas with lower income-to-housing cost ratios might be worth considering. In summary, this neighborhood stands as a strong candidate for those looking for a stable, family-oriented environment with a reasonable entry point into homeownership, while also offering room for further growth and improvement in certain aspects.
Median Home Price
Walk Score
Bike Score
Median Household Income
Percent Under Poverty
Median Contract Rent
Owners vs Renters
Vacant Housing Units
Unemployment Rate
College Degree
Dominant Race
Married-Couple Families
Owners Without Morgages
Mortgage ≥ 30% Income
Rent ≥ 30% Income
Non-US Citizens
Croft Farm
park
Jefferson Cherry Hill Hospital
hospital
Wegmans
grocery store
Il Villaggio
restaurant
LA Fitness
gym
Philadelphia International Airport
international airport
Cherry Hill High School East
school
Cherry Hill Mall
main attraction
Cherry Hill NJ Transit Station
public transport
Dynamic Insights
Custom Narratives
Green Flags
Red Flags
Flood Zone
Flood zone information is not available for this property at this time.
Historical Flooding
Historical flood damage records are not available for this property.
Upgrade to Starter Plan
Access to 15 property reports per month
Detailed neighborhood demographics and lifestyle data
School ratings and educational opportunities
Crime statistics and safety assessment
Property value trends and investment potential
Flood risk analysis and FEMA zone information
AI-powered recommendations and insights
Monthly subscription. Download and save reports, access interactive features, and receive monthly market updates.
Cancel anytime. No long-term commitment required.