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Single Family ResidenceResidential
$330,385$204 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 85How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $275,000 on Mar 28, 2024

342 ROUTE 40

ELMER, NJ 08318
0
Baths
1,616 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2.44 ac
Lot SizeThe size of the land the home sits on, from county records.
1940
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$330K
$280K low$381K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$275,000 · Mar 28, 2024
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$54,135
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$43,308
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.86%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$261,250
OCEANFIRST BANK · recorded Mar 28, 2024
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$15,000
OCEANFIRST BANK

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,837 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$220,700 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$60,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$160,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$220,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$220,700

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.45
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
29
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
73
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
91
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
32
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountySALEM
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1947
ConstructionThe main material the home's frame and walls are built from.Brick
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Upper Pittsgrove SchoolB+
Elementary · Grades PK–8 · 3.6 mi
H
Woodstown High SchoolC-
High · Grades 9–12 · 10.0 mi

District: Woodstown-Pilesgrove Regional School District

Neighborhood · ZIP 08318These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.48
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.62

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.12,838
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.159 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$89,847
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$111,573
Average tempThe average temperature here across a full year.54°F
Annual precipHow much rain and melted snow falls here in a typical year.45 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

342 Route 40 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 66% of homes in Salem County
  • Has a bigger lot than 89% of homes in Salem County
  • Older than 79% of homes in Elmer 08318

What homes are worth in Elmer 08318

Each bar is how many homes fall in that price range. The marker is this home.

This home
$155K$624K

This home is worth more than 51% of homes in Elmer 08318.

How it measures up in Elmer 08318

The dot is this home. The mark in the middle is the typical home in Elmer 08318.

Estimated value$330,385
CheaperTypical $326,928Pricier

Pricier than 51% of homes nearby

Price per ft²$204
CheaperTypical $200Pricier

Pricier than 54% of homes nearby

Living area1,616 ft²
SmallerTypical 1,663 ft²Bigger

Bigger than 47% of homes nearby

Lot size2.44 ac
SmallerTypical 1.1 acBigger

Bigger than 75% of homes nearby

Year built1940
OlderTypical 1975Newer

Newer than 21% of homes nearby

How 342 Route 40 ranks against every home in each area.
MeasureThis homeElmer 08318Salem County
Estimated valuepricier than$330,38551% of homes66% of homes
Price per ft²pricier than$20454% of homes62% of homes
Living areabigger than1,616 ft²47% of homes54% of homes
Lot sizebigger than2.44 ac75% of homes89% of homes
Year builtnewer than194021% of homes31% of homes

About 342 Route 40

How much is 342 Route 40, Elmer, NJ worth?

The TopHap Estimate for 342 Route 40, Elmer, NJ is $330,385 as of Jul 14, 2026. The likely range is $279,826 to $380,944. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 342 Route 40, Elmer, NJ last sell?

342 Route 40, Elmer, NJ last sold on Mar 28, 2024 for $275,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

When was 342 Route 40, Elmer, NJ built?

342 Route 40, Elmer, NJ was built in 1940, making it 86 years old. The building has 1 story.

What schools serve 342 Route 40, Elmer, NJ?

342 Route 40, Elmer, NJ is assigned to Upper Pittsgrove School (elementary), rated B+; Woodstown High School (high), rated C-. All sit in Woodstown-Pilesgrove Regional School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 342 Route 40, Elmer, NJ compare to other homes in Elmer 08318?

Among the 3,606 homes in Elmer 08318, it is worth more than 51% of them ($330,385 against a typical $326,928), its price per square foot is higher than 54% of them ($204 against a typical $200), it is bigger than 47% of them (1,616 ft² against a typical 1,663 ft²), its lot is bigger than 75% of them (2.44 ac against a typical 1.1 ac) and it is newer than 21% of them (1940 against a typical 1975). Measured against all of Salem County, it is worth more than 66% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 342 Route 40, Elmer, NJ?

The 2025 property tax bill for 342 Route 40, Elmer, NJ was $6,837. The county assessed it at $220,700.

Closest homes

More homes in Elmer 08318

Assigned schools

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