08062 — Gloucester County, New Jersey Market Snapshot
Housing market data for zip code 08062 in Gloucester County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
50 sales in 2026 (year to date)
Median Sale Price
$630,300
Days to Sell
41
Homes Sold
50
Inventory
25
Sale-to-List
102.9%
New Listings
65
Price/SqFt
$254
Pending Sales
54
Conforming Loan Available
Most homebuyers in 08062 can comfortably use conventional financing. The median home price of $630,300 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
08062's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 08062 are selling 2.9% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 08062 can comfortably use conventional financing. The median home price of $630,300 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 08062 are set at the county level.
2026 Loan Limits — Gloucester County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $630,200 |
| 2 Units | $1,066,250 | $806,750 |
| 3 Units | $1,288,800 | $975,200 |
| 4 Units | $1,601,750 | $1,211,950 |
Affordability Snapshot — Zip 08062
To purchase the median home at $630,300 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,979.
Monthly Payment
$4,979
Income Required
$213,393
Principal & Interest
$3,884/mo
Down Payment (5%)
$31,515
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 08062.
Estimated Monthly Payment
$4,051
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