Garden State Times

Commissioner Al Dyer, Mayor Victor Carstarphen, and city council members recently visited a new housing unit in Camden's Cramer Hill neighborhood. The property at 1110 North 21st Street highlights the city's growth in market rate housing. According to a May 2024 report by Axios, Camden has seen a significant increase in home appreciation, with prices up by 40% over the past year. This surge places Camden's ZIP codes among the top in the Philadelphia metro area for home value increases.

"Camden is experiencing incredible growth across the board," stated Commissioner Al Dyer. "From the local economy and job force to the housing market, this city is on the rise."

The NJ.com article compared real estate listings and found that a three-bedroom unit priced at $185,000 in Camden could be listed for much higher amounts in nearby areas such as Cherry Hill or Jersey City.

The Phoenix Development Group owns the newly developed property on North 21st Street. They subdivided it into two lots, now featuring semi-detached homes with luxury finishes. Both units were sold above their asking prices; one at $360,000 and another under contract for $350,000.