(Camden, NJ) – The Camden County Board of Commissioners has worked diligently to ensure the county continues to grow and prosper when it comes to economic development, expanding the job market and workforce investment. Today, NJ.com published Zillow analyzed data that shows Camden County homeowners got a big boost over last year with a 12% recorded increase in the value of their property. This takes the average home value from $286,000 to $321,000 throughout Camden County.
This comes on the heels of an Axios analysis last month that focused on the rise in value of several zip codes in Camden City. The previous report also analyzed data from Zillow and found that the top three zip codes with the greatest home appreciation in the Philadelphia metro area are in the City of Camden. The analysis found that the neighborhoods represented by zip code 08104 saw an increase of 33% from August last year, those in 08102 saw price increases of 23% and zip code 08105 prices jump by 21%.
“This is another outstanding indicator that we are doing something special here in Camden County and in South Jersey as a whole,” said Commissioner Director Louis Cappelli Jr., liaison to the Camden County Improvement Authority. “Cutting red tape and making this county a place where business and families can grow and thrive is one of our core governing principles as public servants. This is an ongoing, collaborative effort with our private and public partners, and we are seeing the progress unfold right in front of us. In addition, and more importantly, homeowners can now use that equity in their home to improve and enhance their property and have their most valuable asset continue to grow in value.”
Over the past 10 years Camden County has been a hotbed of economic activity by attracting new businesses and hosting large corporate expansions, including Cooper University Health Care, Jefferson Health and Virtua Health investing almost $3 billion for new hospital facilities and other ancillary services throughout the county. In addition to those health care systems, Archer, Campbell’s, Lockheed Martin, American Water, ResinTech and Holtec International have all made significant investments into Camden County over the last five years.
Christina Renna, president and CEO of the Chamber of Commerce Southern New Jersey, talked about the reason for the rise in home values in Camden County.
“These statistics tell us something the chamber already knows quite well; the value of property in South Jersey is on the rise and it continues to be an attractive place for people to live, work and play,” Renna said. “The overall private and public investments in the southern counties is one of the significant things that drives this increase and our partners in both sectors understand the importance of building community and how that ultimately drives values.”
The Board of Commissioners has embarked on a variety of strategic investments over the past 10 years that have supported this growth in home values. The number one and most important initiative was to build a new police department in 2013 which has reduced total violent crime in the county by 50% over the last 11 years. In addition, the commissioners launched Parks Alive 2025 that made a $100 million investment into the park system and have also utilized capital funds to repave and rebuild our streets, bridges and other infrastructure throughout the county. Additionally, the county continues to be home to some of the primary and secondary schools in the state accompanied by Rutgers and Rowan University.
“This data underscores the fact that this county continues to be an attractive place to live, work and raise a family and that is why these values continue to expand and increase,” Commissioner Jeffrey Nash, liaison to the Parks Department said. “Our geography has always played an important role in our success, but for us as a governing body, making the right investments and being fiscally responsible with taxpayer money is what drives home values.”