08079 — Salem County, New Jersey Market Snapshot
Housing market data for zip code 08079 in Salem County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
30 sales in 2026 (year to date)
Median Sale Price
$250,435
Days to Sell
57
Homes Sold
30
Inventory
39
Sale-to-List
100.9%
New Listings
39
Price/SqFt
$147
Pending Sales
39
Conforming Loan Available
Most homebuyers in 08079 can comfortably use conventional financing. The median home price of $250,435 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
08079's market is balanced with homes taking an average of 57 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 08079 (100.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08079 can comfortably use conventional financing. The median home price of $250,435 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 08079 are set at the county level.
2026 Loan Limits — Salem 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 08079
To purchase the median home at $250,435 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,069.
Monthly Payment
$2,069
Income Required
$88,661
Principal & Interest
$1,543/mo
Down Payment (5%)
$12,522
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 08079.
Estimated Monthly Payment
$1,700
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