08071 — Gloucester County, New Jersey Market Snapshot
Housing market data for zip code 08071 in Gloucester County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$355,000
Days to Sell
23
Homes Sold
15
Inventory
15
Sale-to-List
104.1%
New Listings
33
Price/SqFt
$243
Pending Sales
29
Conforming Loan Available
Most homebuyers in 08071 can comfortably use conventional financing. The median home price of $355,000 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 08071 are moving quickly at 23 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 08071 are selling 4.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 08071 can comfortably use conventional financing. The median home price of $355,000 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 08071 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 08071
To purchase the median home at $355,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,870.
Monthly Payment
$2,870
Income Required
$122,996
Principal & Interest
$2,187/mo
Down Payment (5%)
$17,750
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 08071.
Estimated Monthly Payment
$2,347
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 08071. Tell us what you're looking for.