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Lowest Mortgage Rate near Me, Cherry Hill, NJ 08002

08002

Safety and Crime Rates in ZIP Code 08002

Overview of 08002

ZIP Code 08002 covers the region of Cherry Hill, New Jersey. It is a suburban area known for its residential neighborhoods and commercial activities. Understanding the safety and crime rates within this ZIP code provides crucial insights for residents, potential homebuyers, and local businesses.

Crime Statistics in 08002

Crime statistics are a critical metric for assessing the safety of any area. The following data outlines recent trends and specific figures for various types of crime within the 08002 ZIP code:

Violent Crimes

  • Homicide: The area has a very low homicide rate, with less than 1 incident per year on average.
  • Assault: Reports of assaults average around 20 incidents annually.
  • Robbery: Approximately 15 robberies are reported each year.

Property Crimes

  • Burglary: Around 45 cases of burglary are logged yearly.
  • Theft: Theft is more prevalent, with about 200 reported thefts per year.
  • Motor Vehicle Theft: There are roughly 30 incidents involving motor vehicle theft annually.

Comparative Analysis

When compared to national averages, 08002 has:

  • Lower violent crime rates than many urban areas.
  • Slightly higher property crime rates than neighboring suburban regions, particularly with respect to theft and burglary.

Community and Policing Efforts

Community initiatives and local policing are crucial to maintaining safety standards in 08002. Key efforts include:

Neighborhood Watch Programs

Cherry Hill Police Department collaborates with residents through various neighborhood watch programs that focus on:

  • Regular community meetings to discuss safety concerns.
  • Training sessions on how to report suspicious activity.
  • Efforts to foster a well-connected and vigilant community.

Law Enforcement

Local law enforcement agencies prioritize proactive policing strategies, such as:

  • Enhanced patrol presence in high-crime areas.
  • Community engagement programs to build trust between officers and residents.
  • Utilization of advanced technology to monitor and reduce crime activities.

School Safety

Safety within schools in the 08002 area is a top priority. Cherry Hill schools incorporate several measures to ensure a secure learning environment:

Security Protocols

  • Implementation of secure entry points with monitoring systems.
  • Regular safety drills and emergency preparedness training.
  • Visible school resource officers on campuses.

Bullying Prevention

Anti-bullying programs are in place to support students and create a safe educational atmosphere, including:

  • Peer support groups and counseling services.
  • Workshops for parents and teachers on identifying and addressing bullying.
  • Strict enforcement of anti-bullying policies.

Resident Feedback and Perception

Residents’ perceptions of safety greatly influence the overall well-being of the community. Surveys and feedback mechanisms reveal that:

  • A majority of residents feel safe in their neighborhoods during both day and night.
  • Community feedback praises the local police force for their responsiveness and support.
  • Concerns primarily revolve around property crimes and are being actively addressed through community policing efforts.

Conclusion

The safety and crime rates in 08002 highlight a generally secure community with active measures to address and curtail crime. Through continued community engagement, proactive law enforcement, and resident participation, 08002 remains a desirable area for living and business activities.

Proximity to Essential Services in ZIP Code 08002

Healthcare Services

Residents of ZIP Code 08002 have access to numerous healthcare facilities, ensuring prompt medical attention in case of emergency or routine check-ups. Notable institutions include:

  • Jefferson Cherry Hill Hospital: Located just minutes away, offering a comprehensive range of medical services.
  • Cooper University Health Care with specialized departments and advanced medical care.
  • Multiple urgent care centers and family practices scattered throughout the area for everyday health needs.

Educational Institutions

Quality education is easily accessible for residents in 08002. Key institutions include:

  • Cherry Hill High School West: A top-rated public high school providing excellent education.
  • Kingston Elementary School: A reputable option for primary education.
  • Various private and charter schools offering alternative educational experiences.

Shopping and Retail

08002 is home to a variety of shopping centers and retail stores, making convenience a hallmark of living in this area. Notable locations include:

  • Cherry Hill Mall: One of the largest malls in the region, featuring a mix of high-end and affordable retail options.
  • Market Place at Garden State Park: A more recent addition, offering a blend of dining, shopping, and entertainment.
  • Several grocery stores, including Trader Joe’s and Whole Foods, ensuring high-quality food options are always nearby.

Public Transportation

Public transportation is highly accessible in ZIP Code 08002, linking residents to neighboring cities and beyond:

  • New Jersey Transit: Multiple bus routes serve the area, facilitating easy commutes to Philadelphia and other communities.
  • PATCO Speedline: Offers a quick and efficient option for travel to and from Philadelphia.
  • Ample parking facilities at transit hubs to accommodate daily commuters.

Parks and Recreation

The 08002 area boasts numerous parks and recreational facilities, providing plenty of options for outdoor activities:

  • Cooper River Park: Offers a wide range of activities from running tracks to paddle boating.
  • Challenge Grove Park: A family-friendly park with playgrounds and picnic areas.
  • Several neighborhood parks ensure green spaces are never far from home.

Dining and Entertainment

Dining and entertainment options in 08002 cater to a variety of tastes and preferences:

  • Downtown Cherry Hill: Offers an eclectic mix of dining establishments ranging from fine dining to casual eats.
  • Marlton Pike: Lined with a diverse selection of restaurants and entertainment hubs, perfect for family outings or date nights.
  • Multiple cinemas, theaters, and cultural centers for an enriched social life.

Quality of Local Schools in ZIP Code 08002

Overview of Educational Institutions

The ZIP Code 08002, encompassing areas within Cherry Hill, NJ, is home to a well-regarded educational system. The district includes a mix of public, charter, and private schools, each offering various programs and curricula to meet the diverse needs of its student population.

Public Schools

Cherry Hill Public Schools service the majority of the 08002 area, enjoying a strong reputation for academic excellence and inclusive programs. Key public schools include:

  • Cherry Hill High School West: Known for its robust academic programs, wide range of extracurricular activities, and sports teams. It frequently ranks high on state achievement tests.
  • Carusi Middle School: Offers comprehensive education from grades 6-8, emphasizing both academic and personal growth through diverse programs and activities.
  • Barton Elementary School: Focused on the foundational years (K-5), Barton Elementary stands out for its dedicated staff and commitment to creating a nurturing learning environment.

The public school system benefits from strong community support and active parent-teacher associations, which enhance educational opportunities through volunteerism and fundraising.

Private and Charter Schools

In addition to public schools, ZIP Code 08002 offers several esteemed private and charter school options:

  • Resurrection Catholic School: A private institution offering a faith-based curriculum with strong emphasis on academic rigor, ethics, and community service.
  • Kingston Montessori Academy: Provides a Montessori-based education that promotes hands-on learning and individualized student growth from preschool through elementary grades.
  • Horizon Charter School: Known for its innovative teaching methods and technology integration, Horizon Charter School caters to various learning styles and needs.

Academic Performance and Testing

Schools within the 08002 ZIP Code consistently perform above state and national averages in standardized testing. Data from the most recent state assessments show:

  • High proficiency rates in mathematics and language arts.
  • Strong performance in science and social studies across all grade levels.
  • Graduation rates exceeding 90%, with a significant percentage of students pursuing higher education.

Special Programs and Extracurricular Activities

The local schools offer a wide range of special programs to cater to diverse student interests and needs, including:

  • Advanced Placement (AP) and Honors Courses: Available at the high school level, providing students with college-level coursework and the opportunity to earn college credits.
  • Special Education Services: Comprehensive support for students with learning disabilities, ensuring all students receive a quality education.
  • Sports and Arts Programs: A broad array of extracurricular activities, including competitive sports teams, music, theater, and visual arts programs.

These programs enhance student learning experiences beyond the standard curriculum and help develop well-rounded, engaged learners.

Community and Parent Engagement

The 08002 area boasts a high level of community and parent involvement in its schools. Volunteer opportunities and active parent-teacher associations (PTAs) play crucial roles in supporting school events, fundraising activities, and decision-making processes.

Local businesses and organizations frequently partner with schools to provide additional resources, internships, and real-world learning experiences for students.

Conclusion

The educational institutions in the ZIP Code 08002 are characterized by strong academic performance, diverse program offerings, and high levels of community engagement. These factors contribute to an enriching environment that supports student success and prepares them for future endeavors.

Public Transportation Access in ZIP Code 08002

Overview

ZIP Code 08002, primarily covering Cherry Hill, New Jersey, offers several public transportation options. This report details the various public transportation services available, providing residents and visitors with an insight into the accessibility and convenience offered by the area.

Bus Services

The primary bus service provider in ZIP Code 08002 is the New Jersey Transit (NJ Transit). The following bus routes operate within or near this area:

  • Route 404: This line connects Cherry Hill to Philadelphia, providing a direct link to the city with multiple daily departures.
  • Route 406: This route serves areas between Berlin and Philadelphia, making stops in Cherry Hill along the way.
  • Route 450: Operating between Camden and Voorhees Town Center, this route includes Cherry Hill stops.
  • Route 455: This bus line runs between Cherry Hill Mall and Paulsboro, offering various stops within Cherry Hill.

Train Services

NJ Transit’s Atlantic City Rail Line provides access to regional train services. The Cherry Hill station, located on Marlton Pike East (Route 70), connects residents to Philadelphia as well as Atlantic City and other destinations.

Key features include:

  • Accessible platforms
  • Ample parking facilities
  • Ticket vending machines
  • Proximity to Cherry Hill Mall

Light Rail Services

Though not directly located in ZIP Code 08002, the River Line Light Rail is easily accessible from neighboring areas. The nearest station, the Pennsauken/Route 73 Station, provides connectivity to Camden and Trenton with accessible transfer points to other NJ Transit services.

Park and Ride Facilities

For those combining driving with transit use, several park and ride options are available:

  • Cherry Hill Train Station: Available parking provides a stress-free experience for those using the Atlantic City Rail Line.
  • Woodcrest Station: Although slightly beyond ZIP Code 08002, it serves the PATCO Speedline and offers substantial parking space.

Bicycle and Pedestrian Access

Public transportation in ZIP Code 08002 offers bicycle-friendly options:

  • Bikes are allowed on NJ Transit buses equipped with bike racks.
  • Bike racks and lockers are available at the Cherry Hill Train Station.
  • The community provides several bike lanes and pedestrian-friendly pathways for easy access to transit stops.

Accessibility Features

Public transportation in Cherry Hill ensures accessibility for all residents. Notable features include:

  • Wheelchair-accessible buses
  • Accessible platforms and elevators at train stations
  • Real-time assistance and information services

Future Developments

There are ongoing plans to enhance public transportation in ZIP Code 08002:

  • Expansion of bus routes to cover more areas.
  • Adding more frequent services during peak hours.
  • Improving infrastructure to support electric buses and environmentally friendly options.

Neighborhood Atmosphere in ZIP Code 08002

Overview of ZIP Code 08002

The ZIP Code 08002 primarily covers the area of Cherry Hill in Camden County, New Jersey. This region is known for its suburban vibe, offering residents a blend of urban amenities and serene residential life.

Community and Demographics

Cherry Hill in 08002 is a diverse community with a mix of families, young professionals, and retirees. The population is known for its cultural diversity and strong community spirit.

The area boasts:

  • Diverse ethnic backgrounds
  • Various age groups
  • Different economic tiers

Safety and Security

Safety is a significant factor for residents in 08002. Cherry Hill has a well-regarded police department that collaborates closely with the community to maintain a low crime rate. Regular neighborhood watch programs and community policing initiatives are in place.

Education and Schools

Education is a high priority in ZIP Code 08002. Cherry Hill is home to several high-quality public and private schools known for their academic excellence. Schools in the region participate actively in extracurricular activities and community events.

Notable schools include:

  • Cherry Hill High School East
  • Beck Middle School
  • Joyce Kilmer Elementary School

Recreation and Green Spaces

Residents of 08002 have access to numerous parks and green spaces that promote an active and healthy lifestyle. Parks such as Cooper River Park and Challenge Grove Park offer various recreational activities like jogging trails, playgrounds, and sports fields.

“Green spaces are the lungs of the community, fostering a close-knit, healthy environment.”

Shopping and Dining

The Cherry Hill area within ZIP Code 08002 is abundant with shopping centers and dining options. The Cherry Hill Mall is a focal point for shopping enthusiasts, providing a mix of high-end and budget-friendly stores.

Dining choices in the area range from casual eateries to fine dining restaurants, catering to diverse culinary tastes.

Transportation and Accessibility

ZIP Code 08002 is well-connected with major transportation routes, making it convenient for commuters. The region is accessible via:

  • Interstate 295
  • Route 70
  • The New Jersey Turnpike

Public transportation options, including New Jersey Transit buses and nearby rail services, enhance the neighborhood’s connectivity.

Real Estate and Housing

The housing market in 08002 offers a range of options from luxury homes to budget-friendly apartments. The real estate landscape is characterized by well-maintained homes, attractive neighborhoods, and significant investment potential.

Popular housing areas include:

  • Barclay Farm
  • Kingston Estates
  • Colwick

Healthcare Facilities

Cherry Hill in ZIP Code 08002 is serviced by several top-notch healthcare facilities, ensuring residents have access to quality medical care. Virtua Our Lady of Lourdes Hospital and Jefferson Cherry Hill Hospital are prominent institutions in the area, providing comprehensive healthcare services.

Real Estate Market Trends for ZIP Code 08002

Overview of Real Estate Market Conditions

The real estate market in ZIP code 08002, encompassing parts of Cherry Hill, NJ, has experienced significant transformations over recent years. Characterized by a mix of suburban homes, townhouses, and modern apartments, the area has seen stable growth driven by its proximity to major urban centers and high-quality local amenities.

Market Demand and Property Values

The demand for properties in 08002 has been on a rising trajectory. Home values have appreciated steadily. According to the latest market analysis reports, the median home price in 08002 stands at approximately $300,000, reflecting a year-over-year increase of about 6%.

  • Single-family homes: Generally range from $250,000 to $500,000.
  • Townhouses: Prices typically vary between $200,000 and $350,000.
  • Condos and apartments: Average around $180,000 to $300,000.

Inventory Levels and Sales Data

Inventory levels in 08002 are currently tight, with a month’s supply indicating a strong seller’s market. Key insights from recent sales data reveal:

  1. Average days on market: 35 days.
  2. Sale-to-list price ratio: 98%.
  3. Number of new listings: Down by 15% compared to the previous year.

New Construction and Development

New construction projects are gaining traction in the ZIP code 08002 area. Developers have recognized the potential of this market, leading to several new residential and mixed-use projects. Noteworthy developments include:

  • A new townhouse community offering modern amenities and energy-efficient designs.
  • Several infill projects focusing on sustainable living solutions.
  • Mixed-use developments combining residential units with retail spaces.

Rental Market Trends

The rental market in 08002 is also flourishing. Rental properties have become increasingly popular among young professionals and small families, thanks to the area’s strategic location and excellent school districts. Current rental trends indicate:

  • Median rent: $1,800 per month for a two-bedroom apartment.
  • Occupancy rate: Approximately 95%, denoting a high demand for rental units.
  • Rental yield: On average, landlords can expect an annual yield of about 5-6%.

Impact of Interest Rates and Economic Factors

Interest rates have been a crucial factor influencing the real estate market in 08002. Although rates have seen an upward trend, they remain relatively low historically, aiding affordability. Economic factors such as employment rates and consumer confidence also play significant roles.

Factors to consider:

  1. Employment rates: The area benefits from low unemployment rates.
  2. Consumer confidence: Remains strong, fostering investment in real estate.
  3. Inflation: Moderate levels, ensuring that spending power is sustained.

Future Outlook

The future outlook for the real estate market in ZIP code 08002 appears promising. Analysts predict continued appreciation in home values, albeit at a potentially slower pace due to economic uncertainties. However, the strong fundamentals of the market, combined with ongoing developments, suggest sustained growth and stable investment opportunities.

Key Takeaways:

  • High demand and low inventory support a seller’s market.
  • Increasing rental yields indicate strong rental demand.
  • New construction projects will inject more supply and variety into the market.

Property Taxes in ZIP Code 08002

Overview

The ZIP code 08002 is located in Cherry Hill, New Jersey. This region is known for its suburban settings and high-quality public services, which are funded by property taxes among other revenue sources. Understanding property taxes in 08002 is crucial for current homeowners, prospective buyers, and investors.

Tax Rates

The property tax rate in ZIP code 08002 is determined by several factors, including school budgets, municipal expenditures, and county levies. As of the latest assessment, the average property tax rate in Cherry Hill stands at 3.12% of the assessed home value.

  • Municipal Tax Rate: 1.25%
  • School Tax Rate: 1.50%
  • County Tax Rate: 0.37%

Assessed Property Values

Property assessments in ZIP code 08002 are conducted annually by the Cherry Hill Township Tax Assessor’s office. These assessments are based on:

  • Market conditions
  • Property improvements
  • Comparable property sales

Assessed values can significantly influence property taxes. Higher assessed values lead to higher property tax bills.

Payment Information

Property taxes in ZIP code 08002 are payable in quarterly installments:

  • First Quarter: February 1
  • Second Quarter: May 1
  • Third Quarter: August 1
  • Fourth Quarter: November 1

If not paid on time, late fees and interest may apply.

Tax Exemptions and Relief Programs

Residents of 08002 may qualify for various tax exemptions and relief programs, including:

  • Senior Citizen Property Tax Deduction
  • Veteran Property Tax Deduction
  • Property Tax Reimbursement (Senior Freeze)
  • Homestead Benefit Program

Eligibility for these programs often depends on income levels, age, and military service history.

Appealing Property Taxes

If a property owner believes their property has been over-assessed, they have the right to appeal the assessment. The appeal process involves:

  • Filing a petition with the Camden County Board of Taxation
  • Providing evidence of over-assessment, such as recent comparable sales
  • Attending a hearing to present the case

Successful appeals may result in reduced property taxes for the affected year.

Impact on Home Value

The property tax rate can significantly influence home values in Cherry Hill. Higher property taxes might make homes less attractive to buyers, thereby potentially lowering market values. Conversely, reasonable tax rates can make the area more desirable, buoying home values.

Resources and Contacts

For more detailed information or assistance, homeowners in ZIP code 08002 can contact:

  • Cherry Hill Township Tax Assessor’s Office: 856-488-7899
  • Camden County Board of Taxation: 856-225-5238

Additionally, residents are encouraged to visit the official Cherry Hill Township website for the latest updates on property tax rates and regulations.

Community Amenities in ZIP Code 08002

Public Parks and Recreation

ZIP Code 08002, encompassing parts of Cherry Hill, NJ, offers numerous public parks and recreational areas, providing residents with a variety of options for outdoor activities.

  • Cherry Hill Township Dog Park: A popular destination for pet owners, featuring off-leash areas and amenities for dogs.
  • Cooper River Park: Spanning 346 acres, it offers scenic trails, playgrounds, and boating facilities.
  • Challenge Grove Park: Known for its ADA-compliant playground, ball fields, and picnic areas.

Schools and Libraries

The Cherry Hill area within ZIP Code 08002 provides access to quality educational institutions and public libraries, supporting lifelong learning for all ages.

  • Cherry Hill Public Library: A comprehensive library offering a wide range of books, digital resources, and community events.
  • Cherry Hill High School West: One of the top-rated public high schools in the state, known for its diverse curriculum and extracurricular programs.
  • Joyce Kilmer Elementary School: Serving younger students with excellent academic programs and enrichment activities.

Shopping and Dining

The ZIP Code 08002 area boasts a vibrant shopping and dining scene, featuring a mix of national retailers, local boutiques, and diverse eateries.

  • Cherry Hill Mall: A premier shopping destination with a variety of stores, dining options, and entertainment venues.
  • Garden State Pavilions: A large shopping complex housing popular retail chains and specialty shops.
  • Local Restaurants: A range of dining options, from gourmet restaurants to cozy cafes, featuring international cuisines and local specialties.

Healthcare Facilities

Residents of ZIP Code 08002 have access to top-notch healthcare services, with a range of facilities providing comprehensive medical care.

  • Jefferson Cherry Hill Hospital: A leading healthcare provider offering emergency services, specialized treatments, and inpatient care.
  • CompleteCare Health Network: Providing affordable and accessible outpatient services, including primary care and dental care.
  • Virtua Center for Health and Wellness: A facility offering preventive care, wellness programs, and rehabilitative services.

Public Transportation

Efficient public transportation options facilitate easy commuting and travel for residents within ZIP Code 08002.

  • NJ Transit Bus Services: Convenient bus routes connecting the area to various parts of New Jersey and Philadelphia.
  • Cherry Hill Station: Part of the Atlantic City Rail Line, offering direct train services to Philadelphia, Atlantic City, and other key destinations.
  • Bicycling and Walking Paths: Well-maintained paths and sidewalks encouraging eco-friendly commuting within the community.

Community Centers and Social Services

A wealth of community centers and social services are available, fostering a supportive and engaged community in ZIP Code 08002.

  • Cherry Hill Township Municipal Building: The epicenter of local government services, providing residents with essential municipal assistance.
  • Barclay Farmstead: A historic site offering educational programs and community events, promoting local heritage and culture.
  • Jewish Community Center (Katz JCC): A hub for cultural and fitness activities, educational workshops, and social events for all ages.

Sports and Fitness Facilities

Sports enthusiasts and fitness lovers in ZIP Code 08002 have access to a variety of facilities designed to promote health and wellness.

  • Cherry Hill Health & Racquet Club: A full-service gym providing state-of-the-art equipment, group classes, and personal training.
  • Indian King Park Tennis Courts: Public tennis courts available for casual play and organized tournaments.
  • Merchantville Country Club: An exclusive venue offering golf, dining, and social events, catering to members and guests.

Arts and Culture

Cultural enrichment is delivered through various art venues and cultural organizations, enhancing the community’s artistic landscape in ZIP Code 08002.

  • Perkins Center for the Arts: A nonprofit dedicated to providing art classes, workshops, and exhibitions fostering creative expression.
  • Cherry Hill Public Library Programs: Regularly scheduled cultural events, author visits, and art exhibits open to the public.
  • Garden State Discovery Museum: An interactive museum offering educational exhibits and hands-on learning experiences for children and families.

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