08402 — Atlantic County, New Jersey Market Snapshot
Housing market data for zip code 08402 in Atlantic County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
24 sales in 2026 (year to date)
Median Sale Price
$1,300,000
Days to Sell
92
Homes Sold
24
Inventory
57
Sale-to-List
93.7%
New Listings
42
Price/SqFt
$600
Pending Sales
39
Jumbo Loan Likely Needed
The median home in 08402 at $1,300,000 exceeds the 2026 conforming loan limit of $832,750 by $467,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 92 days on average, 08402 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 08402 sells for 6.3% below asking price (93.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 08402 at $1,300,000 exceeds the 2026 conforming loan limit of $832,750 by $467,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 08402 are set at the county level.
2026 Loan Limits — Atlantic County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $730,250 |
| 2 Units | $1,066,250 | $934,850 |
| 3 Units | $1,288,800 | $1,130,000 |
| 4 Units | $1,601,750 | $1,404,350 |
Affordability Snapshot — Zip 08402
To purchase the median home at $1,300,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $10,110.
Monthly Payment
$10,110
Income Required
$433,294
Principal & Interest
$8,010/mo
Down Payment (5%)
$65,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08402.
Estimated Monthly Payment
$8,195
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 08402.
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