Cherry Hill real estate anchors South Jersey's premium suburban market, with median home prices near $390,000 and a réputation as the Philadelphia métro's most desirable New Jersey suburb. Located in Camden County just across the Delaware from Center City Philadelphia, Cherry Hill offers direct access via Route 70, Route 38, and PATCO Speedline rapid transit — making it a top choice for Philadelphia professionals who want New Jersey's lower tax base without sacrificing urban access.
Cherry Hill neighborhoods and housing segments
Cherry Hill divides into East and West sections split by Route 70 — a distinction that carries real estate significance. Cherry Hill East, with its nationally recognized high school, typically commands a slight premium and attracts families prioritizing schools. Cherry Hill West and the areas around Springdale Road and Kresson Road are slightly more affordable while still offering the township's core benefits of good infrastructure and suburban character. The Erlton, Locustwood, and Woodcrest neighborhoods are among the most established, featuring split-level and Colonial homes from the 1960s and 70s on quarter-acre to half-acre lots.
The rental market in Cherry Hill is oriented toward single-family homes and garden apartment complexes rather than urban multifamily inventory. Two-bedroom units rent for $1,800 to $2,500 per month. Camden County property taxes average approximately $7,000 to $9,000 annually. The township's Cherry Hill Mall and numerous retail corridors along Route 70 and Marlton Pike add economic vibrancy and employment that supports consistent housing demand. Buyers targeting Cherry Hill should be prepared for compétitive conditions — the inventory-to-demand ratio stays tight, particularly in the $350,000 to $450,000 price band.
