08316 — Cumberland County, New Jersey Market Snapshot
Housing market data for zip code 08316 in Cumberland County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Cumberland County county page for broader data.
Market Sales Data
1 sales in 2026 (year to date)
Median Sale Price
$149,900
Days to Sell
15
Homes Sold
1
Inventory
3
Conforming Loan Available
Most homebuyers in 08316 can comfortably use conventional financing. The median home price of $149,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 08316 are moving quickly at 15 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Conforming Loan Feasibility
Most homebuyers in 08316 can comfortably use conventional financing. The median home price of $149,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 08316 are set at the county level.
2026 Loan Limits — Cumberland County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 08316
To purchase the median home at $149,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,298.
Monthly Payment
$1,298
Income Required
$55,650
Principal & Interest
$924/mo
Down Payment (5%)
$7,495
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08316.
Estimated Monthly Payment
$1,078
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