Trends in the Camden Market

4 Replies

I met with some buddies last week and we were talking about changes in the Camden real estate market. I hear neighborhoods outside Cooper Hospital and Rutgers are solid, and other areas are beginning to experience growth as well. Does anyone have any experience in this market, or have any predictions for the long term growth (or otherwise) of markets in this city? 

I'd be very interested in getting a foot in the door (perhaps with partners!) in this market provided there is potential for growth and I have firm market knowledge. 

Thanks for any responses! I'm excited to hear what you all think. 

Originally posted by @Tyler Holzer :

I met with some buddies last week and we were talking about changes in the Camden real estate market. I hear neighborhoods outside Cooper Hospital and Rutgers are solid, and other areas are beginning to experience growth as well. Does anyone have any experience in this market, or have any predictions for the long term growth (or otherwise) of markets in this city? 

I'd be very interested in getting a foot in the door (perhaps with partners!) in this market provided there is potential for growth and I have firm market knowledge. 

Thanks for any responses! I'm excited to hear what you all think. 

 This convo sounds familiar :)

Camden feeds off of Philly and the problem has always been Philly is not dense enough to start pushing people outside of the city. If we continue the growth we've had the past few years in Philly for the next 3-4 years then Camden would hopefully start to pick up, notably in Lanning Square & Cooper Grant area. The main question for Camden and the one I ask myself is why pay 3-4x in taxes for a depressed region of Greater Philadelphia when you could find that in the city (Centro de Oro, N. Kensington, Germantown, Grays Ferry, etc.) and only pay PA taxes?

I'll park some of the sites I use to find out owner's name, taxes owed, etc. for Camden here and am looking forward to hearing what others have to say about Camden!

NJ Assessment Records:

http://tax1.co.monmouth.nj.us/cgi-bin/prc6.cgi?district=0408&ms_user=monm

Free Camden Deed Search:

http://24.246.110.18/ClerkSearch/

Zoning:

https://www.ci.camden.nj.us/wp-content/uploads/2013/04/zoning_map.pdf

Interactive Housing Map:

http://www.camden-data.org/#body

Hey Tyler, 

Ryan D has a point! Another good one that might help you see other situations that affect the RE Market on Camden is a article I was reading a few days ago by HomeVestors franchise.  Which you should also consider and make a deeper research before you dive in. Good Luck!

 When you click the link scroll down till you see Camden. 

https://homevestorsfranchise.com/the-ultimate-housing-market-forecast-for-new-jersey-investors-slp/

Tyler,

I've got a more optimistic view of Camden than the HomeVestors writer who once had a bad experience at a public transit stop there (I get harrassed for change every time I'm at Penn Station, hence NYC must be a dump).

Here are some actual facts and figures: https://rurcbog.com/wp-content/uploads/RURCBOG-Report-FINAL_2019-01-15-09.pdf

Graduation rate is up 20% in 6 years

Crime is at its lowest level in 50 years

Unemployment is at its lowest rate in 28 years

Camden still has a long way to go but it is certainly heading in the right direction.

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