88 / 100

Gloucester County, NJ

RANK #117 / 996  ·  POP 302,621  ·  NJ

PROJECTED GROWTH: +2.7%

Gloucester County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Gloucester County?

Gloucester County, New Jersey, distinguishes itself with its blend of historical significance and natural beauty. Woodbury, the county seat, founded in 1683, is the county's oldest municipality. The county is located in South Jersey, bordering Philadelphia across the Delaware River, with a commute to Center City taking approximately 25 to 30 minutes by car. This area features coastal plains and low-lying rivers, offering outdoor recreation opportunities at places like Scotland Run Park, which spans over 1,300 acres with an 80-acre lake for fishing and boating.

Life in Gloucester County often appeals to families and professionals, with many residents owning their homes. The public schools in the county are generally above average. The local economy is driven by sectors such as manufacturing, distribution, and healthcare. Agriculture also remains a traditional industry, supporting a growing food processing sector. The county has seen investment in infrastructure and technology, contributing to job growth in various industries.

[02] Market Snapshot

Housing Ratio
5.5x

Above national median (4.7x)

GDP Growth
+3.6%

Above national median

Home Prices
+4.0%

Outpacing national median

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 5.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Gloucester County U.S. National

The Numbers

DEMOGRAPHICS
Population
302,621
+0.6% YoY
Median Household Income
$99,668
Median Home Value
$265,200
+4.02% 12mo
Median Rent
$1,435
Average Annual Pay
$58,070
+3.1% YoY
Employment
124,439
+1.6% YoY
Income-to-Home-Value
0.3758
More affordable than average
Migration Inflow
3.73%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$359,000
Days on Market
46
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
99.5%
Near asking price
Sold Above List
40.9%
Listings w/ Price Drops
19.0%
Building Permits (2024)
899
Single-Family Permits
787

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$900M
TOTAL
PROJECT AMOUNT STATUS
Logan Township Data Center
Undisclosed
$500M Planned
American Tower Corp. Data Center (East Greenwich)
American Tower Corp.
$100M Proposed
EEW AOS Manufacturing Plant (Paulsboro Marine Terminal)
EEW AOS
$100M Operating
Paulsboro Marine Terminal Deepwater Port Expansion
Gloucester County
$100M Under Construction
Gloucester Data Center (Camden County, Gloucester Township)
Gloucester Data Center
$50M Operating
Gloucester County Solar Portfolio (multiple projects)
Various (53 SP Solar Trust, MN8 Energy LLC, Syncarpha Capital / Pacolet Milliken LLC, NJR Clean Energy Ventures)
$50M Operating/Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.6% 67 percentile
Population Growth +0.6% 57 percentile
Income Growth +6.9% 17 percentile
Vacancy Rate 0.6% 88 percentile
Home Price Change +4.0% 83 percentile
Rent Growth +3.7% 63 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Gloucester County, NJ a good place to move to?

Gloucester County has a Boom Town Index score of 88/100, ranking #117 among 996 U.S. counties. With job growth at +1.6% and a median household income of $99,668, it's an above-average county on economic indicators.

Is Gloucester County affordable?

The median home value in Gloucester County is $265,200 with median rent at $1,435/month. The income-to-home-value ratio is 0.3758, which is more affordable than the national average.

Is Gloucester County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +1.6%. Home values changed +4.0% in the past 12 months.

Are people moving to Gloucester County?

Yes — 3.73% of Gloucester County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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