Camden, NJ home values, income, and owner costs

The local figures answer the first question: In Camden, NJ, the 2024 ACS reports a median owner-occupied home value of $112,000, median household income of $40,546, and median selected monthly owner costs of $1,248 for owners with a mortgage. For borrower planning, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,248 measure combines recurring ownership expenses instead of real estate taxes alone. A useful affordability review starts with $112,000, $40,546, and $1,248, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Camden, NJ's $112,000 median home-value estimate is below the statewide $454,400 estimate, with a reported city-to-state gap of 75.4%. For borrower planning, that 75.4% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Camden, NJ. It does not mean every local property is 75.4% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. Borrowers may use $112,000 and $454,400 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.