Browns Mills, NJ 08015 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Browns Mills, NJ—08015

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$319,000

0.5% YoY Growth

Household Income

$78,900

20.8% YoY Growth

Days on Market

41.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$2,500

5.8% YoY Growth

1-Bed Rent

$1,500

22.0% YoY Growth

2-Bed Rent

$1,500

1.2% YoY Growth

3-Bed Rent

$2,400

5.2% YoY Growth

Home Price Trends — Browns Mills, NJ

As of Dec '25, the median home price in Browns Mills, NJ is $319,000, with a year-over-year change of 0.5%. This indicates that home prices in Browns Mills, NJ are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$319,000	0.5%
Single Family	$319,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Browns Mills, NJ

As of July '25, Rentcast reports the average rent in Browns Mills, NJ is $2,390, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Browns Mills, NJ is studios: $1,250, 1-bedrooms: $1,500, 2-bedrooms: $1,680, 3-bedrooms: $2,430, 4-bedrooms: $2,760. The most common rental property sizes in Browns Mills, NJ are 2-bedroom and 3-bedroom, accounting for 36.1% and 24.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,390
Studio Rent	$1,250	$1,250
1 Bed Rent	$1,500	$1,500
2 Bed Rent	$1,500	$1,680
3 Bed Rent	$2,400	$2,430
4 Bed Rent	$2,600	$2,760

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% of Rental Stock

Studio

4.0%

1 Bedroom

24.2%

2 Bedrooms

36.1%

3 Bedrooms

24.7%

4 Bedrooms

11.0%

Property Listings — Browns Mills, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Browns Mills, NJ is 51. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$340,000	0.0%
Listing Count	69	-1.0%
Listings as % of Homes	1.1%	-1.0%
Days on Market	62	41.0%

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Demographics — Browns Mills, NJ

As of the latest ACS Survey released in 2023, Browns Mills, NJ has a population of 19,100, which has decreased by -2.3% over the past 5 years. Browns Mills, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,100	-2.3%
% Under 18	19.1%	-17.0%
% Seniors	19.3%	35.9%
% WFH	5.4%	575.0%
% w/ College Degree	19.0%	45.0%

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As of the latest ACS Survey released in 2023, Browns Mills, NJ is a predominantly white area, with 63.1% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Browns Mills, NJ is black, making up 15.0% of the population. Foreign-born residents account for 6.0% of the population in Browns Mills, NJ, and this percentage has decreased by 26.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	63.1%	4.1%
% Black	15.0%	-24.2%
% Hispanic	13.6%	29.5%
% Asian	3.5%	16.7%
% Foreign Born	6.0%	-26.8%

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Mortgage and Risk — Browns Mills, NJ

According to HUD data as of 2023, there were 433 mortgage originations in Browns Mills, NJ, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Browns Mills, NJ. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	433
% Conventional Loans	49.0%
% Government Loans	51.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	18.0%

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Rentals and Section 8 — Browns Mills, NJ

As of 2024, the percent of homes in Browns Mills, NJ under the Section 8 program is 12.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Browns Mills, NJ, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	144
Total Units Section 8	144
% Rentals under Section 8	12.8%
% Occupied Section 8	99.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$1,500	$1,490
2 Bedroom	$280	$1,500	$1,780
3 Bedroom	-$260	$2,400	$2,140
4 Bedroom	-$160	$2,600	$2,440

Browns Mills, NJ—08015

Key Metrics at a Glance

Home Price Trends — Browns Mills, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Browns Mills, NJ

% of Rental Stock

Property Listings — Browns Mills, NJ

Demographics — Browns Mills, NJ

Race and Ethnicity

Mortgage and Risk — Browns Mills, NJ

Mortgages

Rentals and Section 8 — Browns Mills, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Browns Mills, NJ

Home Price to Income Ratio

Browns Mills, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Pointville, NJ

New Egypt, NJ

McGuire AFB, NJ

New Hanover Township, NJ

Pemberton Township, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$319,000
Median Household Income	$78,900

Browns Mills, NJ—08015

Key Metrics at a Glance

Home Price Trends — Browns Mills, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Browns Mills, NJ

% of Rental Stock

Property Listings — Browns Mills, NJ

Demographics — Browns Mills, NJ

Race and Ethnicity

Mortgage and Risk — Browns Mills, NJ

Mortgages

Rentals and Section 8 — Browns Mills, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Browns Mills, NJ

Home Price to Income Ratio

Browns Mills, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Pointville, NJ

New Egypt, NJ

McGuire AFB, NJ

New Hanover Township, NJ

Pemberton Township, NJ

Frequently Asked Questions

What is the average home price in Browns Mills, NJ 08015?

How have home prices in Browns Mills, NJ 08015 changed over the past year?

What is the home price projection for Browns Mills, NJ 08015?

What are the demographics of Browns Mills, NJ 08015?

How long does it take homes to sell in Browns Mills, NJ 08015?

What is the average rent price in Browns Mills, NJ 08015?