Construction Value
$16.3M ▼ 48.2%
Units Permitted
174 ▼ 24.3%
Avg Value / Unit
$94K
2024 · Census Bureau Building Permits Survey
Construction activity in Cherry Hill slowed in 2024, down 24.3% from the prior year with 174 housing units permitted. At $94K per unit, new builds are 58% below the Camden County average of $221K, indicating more affordable construction. Volume is 461% above the county average of 31 units, suggesting faster-than-typical growth. 89.7% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Predominantly multi-unit and higher-density construction.
Construction Intensityi
$219
per resident
County avg: $3K-93%
Cherry Hill vs. Camden County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 18 | 18 | $4.8M | 30% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 156 | 3 | $11.5M | 70% |
County Ranking by Construction Volume
Among 33 permit-issuing towns in Camden County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →